Fujitsu (OTCMKTS:FJTSY) Stock Falls 20.9% Following Weak Earnings

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) fell 20.9% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $22.52 and last traded at $22.53. 288,322 shares were traded during mid-day trading, a decline of 17% from the average session volume of 345,682 shares. The stock had previously closed at $28.47.

The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.23 billion.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Fujitsu from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Fujitsu Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.83 and a quick ratio of 1.56. The stock’s fifty day moving average price is $25.65 and its 200-day moving average price is $23.27. The firm has a market cap of $39.91 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80.

Fujitsu Company Profile

Fujitsu Limited is a Japanese information and communications technology company that provides digital services, technology solutions and consulting to businesses, governments and other organizations. Its offerings include cloud computing, artificial intelligence, data and analytics, cybersecurity, application development, systems integration, managed services and digital transformation support.

The company also supplies computing and technology infrastructure, including servers, storage systems, networking products and related enterprise solutions.