Fuji Electric (OTCMKTS:FELTY) Shares Gap Down - What's Next?

Key Points

• Gap down: Fuji Electric shares opened at $17.98 after a prior close of $18.69 and last traded at $18.036 on light volume (2,389 shares), after the drop occurred prior to the trading session.
• Analyst downgrade: The Goldman Sachs Group lowered the stock to a "sell" on Jan. 19, and MarketBeat shows a consensus rating of "Reduce" (one Hold, one Sell).
• Technicals show the stock trading near its averages, with a 50-day simple moving average of $18.37 and a 200-day simple moving average of $18.10, implying the price is close to both short- and long-term trend levels.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.69, but opened at $17.98. Fuji Electric shares last traded at $18.0360, with a volume of 2,389 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Fuji Electric to a "sell" rating in a research report on Monday, January 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Fuji Electric Stock Performance

The firm has a 50 day simple moving average of $18.37 and a two-hundred day simple moving average of $18.10.

About Fuji Electric

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.

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