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

Fujitsu Ltd. (OTCMKTS:FJTSY) gapped down before the market opened on Tuesday . The stock had previously closed at $24.93, but opened at $24.00. Fujitsu shares last traded at $24.66, with a volume of 20,337 shares trading hands.

Fujitsu Stock Performance

The stock’s 50 day moving average price is $23.16 and its 200-day moving average price is $22.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.41 and a current ratio of 1.57.

Fujitsu (OTCMKTS:FJTSY) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Fujitsu had a net margin of 8.72% and a return on equity of 17.48%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.20 billion. On average, equities analysts predict that Fujitsu Ltd. will post 0.81 earnings per share for the current year.

Fujitsu Company Profile

Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi cloud and hybrid IT services; assessment and consultative services; SAP landscape transformation services; new workplace; datacentre products comprising integrated systems, storage solutions, servers, network switches, and infrastructure management; workplace products including notebooks, tablet PC’s, desktop PC’s, workstations, thin clients, displays, and peripheral devices; consumption based IT services; installation and implementation services; and hardware, software, and infrastructure support services, as well as electronic devices, air conditioning products, and network solutions.