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

Fujitsu Ltd. (OTCMKTS:FJTSY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $21.17, but opened at $19.7201. Fujitsu shares last traded at $20.4644, with a volume of 1,954 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FJTSY shares. UBS Group upgraded shares of Fujitsu to a “hold” rating in a research report on Monday, January 26th. Jefferies Financial Group downgraded shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Fujitsu Trading Down 1.9%

The business has a 50 day simple moving average of $21.64 and a 200-day simple moving average of $24.74. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 46.13, a PEG ratio of 0.92 and a beta of 0.80. 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.