Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Time to Buy?

Shares of Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) gapped up prior to trading on Friday . The stock had previously closed at $16.51, but opened at $17.75. Fuji Electric shares last traded at $17.6850, with a volume of 5,588 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Fuji Electric to a “sell” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Fuji Electric Trading Up 8.1%

The company has a 50-day moving average price of $18.47 and a 200-day moving average price of $17.06.

About Fuji Electric

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.