Fuji Electric (OTCMKTS:FELTY) Shares Gap Up - Still a Buy?

Key Points

• Fuji Electric shares experienced a significant gap up, opening at $14.26 after closing at $13.39.
• The stock is currently up 6.5% and has a market capitalization of $8.41 billion.
• Fuji Electric specializes in power semiconductors and electronics solutions, operating in various segments including power generation and factory automation systems.

Shares of Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $13.39, but opened at $14.26. Fuji Electric shares last traded at $14.25, with a volume of 1,421 shares changing hands.

Fuji Electric Stock Up 4.1%

The company has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $11.25. The stock has a market capitalization of $9.00 billion and a price-to-earnings ratio of 0.06.

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.