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

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped up before the market opened on Wednesday . The stock had previously closed at $21.07, but opened at $22.22. Fujitsu shares last traded at $22.1192, with a volume of 48,519 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Fujitsu Stock Up 5.5%

The firm has a 50 day moving average price of $21.31 and a 200-day moving average price of $24.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.62. The firm has a market cap of $39.04 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 1.02 and a beta of 0.80.

About Fujitsu

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.