Fuji Electric (OTCMKTS:FELTY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down — Fuji Electric closed at $18.01, opened at $16.72 and last traded at $17.1520, a drop of about 4.7% with 14,007 shares changing hands.
• Goldman Sachs downgraded the stock to a "sell" on Jan. 19; MarketBeat shows an average rating of "Reduce" (one Hold, one Sell).
• Technically, the stock is trading below key moving averages: the 50‑day is $18.49 and the 200‑day is $18.04, signaling short‑term weakness versus longer-term levels.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $18.01, but opened at $16.72. Fuji Electric shares last traded at $17.1520, with a volume of 14,007 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Fuji Electric to a "sell" rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fuji Electric currently has an average rating of "Reduce".

Fuji Electric Stock Down 4.7%

The firm's 50 day moving average price is $18.49 and its 200-day moving average price is $18.04.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. OTCMKTS: FELTY is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.