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

Key Points

• Fuji Electric (OTCMKTS:FELTY) shares gapped up pre-market, opening at $17.39 after a $16.44 close, with light volume of 412 shares.
• Goldman Sachs downgraded the stock to a sell on Jan. 19 and MarketBeat shows a consensus rating of Reduce (one Hold, one Sell).
• Despite the pre-market rise, the stock trades below its 50‑day ($18.35) and 200‑day ($18.04) moving averages and was reported down 0.9%.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $16.44, but opened at $17.39. Fuji Electric shares last traded at $17.39, with a volume of 412 shares.

Wall Street Analyst Weigh In

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

Fuji Electric Stock Down 0.9%

The firm has a fifty day moving average price of $18.35 and a two-hundred day moving average price of $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.

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