Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Still a Buy?

Shares of Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) gapped up prior to trading on Friday . The stock had previously closed at $22.03, but opened at $23.65. Fuji Electric shares last traded at $23.74, with a volume of 465 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Fuji Electric to a “sell” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Fuji Electric Trading Up 8.2%

The business’s 50-day moving average price is $18.65 and its two-hundred day moving average price is $18.39.

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.