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

Key Points

• Fuji Electric gapped up pre-market, opening at $20.79 after a $19.45 close and last trading at $20.84 on a light volume of 2,300 shares.
• Goldman Sachs lowered the stock to a "sell" and, with one Hold and one Sell from analysts, the shares carry an average rating of "Reduce".
• The stock is trading above its short- and long-term trends, with a 50-day simple moving average of $18.53 and a 200-day simple moving average of $18.25.

Shares of Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $19.45, but opened at $20.79. Fuji Electric shares last traded at $20.84, with a volume of 2,300 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Fuji Electric to a "sell" rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Fuji Electric Stock Performance

The firm has a 50-day simple moving average of $18.53 and a two-hundred day simple moving average of $18.25.

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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