Fujitsu (OTCMKTS:FJTSY) Shares Gap Up – Here’s What Happened

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped up before the market opened on Thursday . The stock had previously closed at $26.23, but opened at $28.20. Fujitsu shares last traded at $28.22, with a volume of 105,158 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Fujitsu to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Fujitsu Stock Up 9.6%

The firm has a market cap of $50.05 billion, a PE ratio of 63.87, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. The company has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $25.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.62.

Fujitsu Company Profile

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.