Fujitsu (OTCMKTS:FJTSY) Reaches New 1-Year Low – Here’s Why

Fujitsu Ltd. (OTCMKTS:FJTSY) shares reached a new 52-week low on Friday . The stock traded as low as $19.10 and last traded at $19.92, with a volume of 333324 shares traded. The stock had previously closed at $19.45.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Fujitsu Trading Up 2.8%

The company has a 50 day moving average of $21.42 and a 200 day moving average of $23.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.87. The stock has a market capitalization of $35.11 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 0.94 and a beta of 0.81.

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.