Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Should You Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $18.5150, but opened at $19.19. Fuji Electric shares last traded at $19.19, with a volume of 1,340 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Fuji Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fuji Electric currently has a consensus rating of “Hold”.

Fuji Electric Stock Performance

The firm’s 50-day moving average price is $17.64 and its 200 day moving average price is $15.45.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.