Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Here’s Why

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $20.64, but opened at $21.5880. Fuji Electric shares last traded at $21.56, with a volume of 1,180 shares.

Fuji Electric Price Performance

The company’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $20.66.

Fuji Electric Company Profile

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Fuji Electric Co, Ltd. is a Japanese electrical and industrial technology company that develops products and systems for energy and industrial applications. Its businesses include power generation, transmission and distribution equipment, industrial automation systems, power electronics, and semiconductor devices.

The company offers products such as inverters, drives, motors, control systems, power supplies, energy-management equipment, and power semiconductor modules. It also provides solutions for renewable energy, data centers, transportation, manufacturing, and other infrastructure markets.

Fuji Electric was established in 1923 through a partnership between Furukawa Electric and Siemens.

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