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

Key Points

• Gapped up before the open from $18.09 to $19.06 and last traded at $18.93, a 4.9% rise on light volume (~5,461 shares).
• The Goldman Sachs cut the stock to a sell on Jan. 19; with one Hold and one Sell rating, MarketBeat shows an average analyst rating of "Reduce".
• Technically, the stock is trading near its moving averages, with a 50-day average of $18.39 and a 200-day average of $18.10.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $18.09, but opened at $19.06. Fuji Electric shares last traded at $18.93, with a volume of 5,461 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Fuji Electric to a "sell" rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fuji Electric currently has an average rating of "Reduce".

Fuji Electric Stock Up 4.9%

The firm has a fifty day moving average of $18.39 and a 200 day 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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