Fujitsu (OTCMKTS:FJTSY) Shares Gap Down – What’s Next?

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped down prior to trading on Friday . The stock had previously closed at $22.15, but opened at $21.23. Fujitsu shares last traded at $21.15, with a volume of 15,526 shares.

Analyst Upgrades and Downgrades

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

Fujitsu Stock Down 5.3%

The firm’s fifty day moving average price is $21.31 and its 200-day moving average price is $24.36. The company has a market capitalization of $37.49 billion, a price-to-earnings ratio of 47.43, a P/E/G ratio of 1.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.62.

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.