Fuji Electric (OTCMKTS:FELTY) Reaches New 1-Year High - Here's Why

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.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) reached a new 52-week high during trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

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

Fuji Electric Price Performance

The company has a fifty day moving average of $14.90 and a 200-day moving average of $12.31. The firm has a market cap of $9.91 billion and a P/E ratio of 0.07.

About Fuji Electric

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.