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Fuji Electric (OTCMKTS:FELTY) Hits New 12-Month High - Still a Buy?

Fuji Electric logo with Industrials background

Key Points

  • Fuji Electric shares reached a new 12-month high of $17.40 amid trading, compared to a previous close of $16.71.
  • Zacks Research upgraded the stock's rating from "strong sell" to "hold", indicating a more favorable outlook.
  • The company has a market cap of $9.91 billion and operates in various segments, including power semiconductors and electronics solutions.
  • MarketBeat previews the top five stocks to own by October 1st.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.40 and last traded at $17.40, with a volume of 227 shares changing hands. The stock had previously closed at $16.71.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Fuji Electric from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Check Out Our Latest Analysis on FELTY

Fuji Electric Trading Up 0.7%

The company's 50-day moving average price is $14.34 and its two-hundred day moving average price is $12.12. The company has a market cap of $9.91 billion and a P/E ratio of 0.07.

About Fuji Electric

(Get Free Report)

Fuji Electric Co, Ltd., together with its subsidiaries, develops power semiconductors and electronics solutions in Japan and internationally. It operates through Power Electronics Energy, Power Electronics Industry, Semiconductor, Power Generation, Food and Beverages Distribution, Others segments. The company also offers drivers and inverters including AC drivers, motors, and servo systems; semiconductors and photoconductors; power supply products, which includes uninterruptible power systems, solar inverters, data centers, rectifiers, and formers; sensors and measurements, such as instrumentation and radiation monitoring systems; and factory automation systems.

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