Fuji Electric (OTCMKTS:FELTY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up pre-market, opening at $19.60 after a prior close of $18.46 and last trading at $19.17, but on very light volume (471 shares).
• Analyst sentiment is weak: Goldman Sachs cut the stock to a "sell" on Jan. 19, and with one Hold and one Sell the MarketBeat consensus rating is "Reduce".
• Fuji Electric is a long-established Japanese engineering firm supplying power electronics and industrial automation equipment across energy, infrastructure and electronic device segments.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $18.46, but opened at $19.60. Fuji Electric shares last traded at $19.17, with a volume of 471 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut Fuji Electric to a "sell" rating in a research note on Monday, January 19th. One 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 company currently has an average rating of "Reduce".

Fuji Electric Stock Up 2.0%

The business's 50 day moving average price is $18.46 and its 200 day moving average price is $18.16.

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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