Fujitsu (OTCMKTS:FJTSY) Shares Pass Above 50 Day Moving Average - Here's Why

Key Points

• Fujitsu shares exceeded their 50-day moving average, trading at $23.80 after hitting a high of $23.93 with a total volume of 78,934 shares.
• The company reported earnings of $0.11 per share, missing the expected $0.14, with a revenue of $5.05 billion, below the consensus estimate of $5.20 billion.
• Fujitsu has a healthy financial profile, with a low debt-to-equity ratio of 0.05 and solid liquidity ratios, including a current ratio of 1.57.

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.00 and traded as high as $23.93. Fujitsu shares last traded at $23.80, with a volume of 78,934 shares.

Fujitsu Trading Up 0.1%

The business has a 50-day simple moving average of $23.03 and a 200-day simple moving average of $21.50. The company has a current ratio of 1.57, a quick ratio of 1.41 and a debt-to-equity ratio of 0.05.

Fujitsu (OTCMKTS:FJTSY - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $5.05 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fujitsu had a net margin of 8.72% and a return on equity of 17.48%. On average, research analysts predict that Fujitsu Ltd. will post 0.81 EPS for the current year.

About Fujitsu

Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi cloud and hybrid IT services; assessment and consultative services; SAP landscape transformation services; new workplace; datacentre products comprising integrated systems, storage solutions, servers, network switches, and infrastructure management; workplace products including notebooks, tablet PC's, desktop PC's, workstations, thin clients, displays, and peripheral devices; consumption based IT services; installation and implementation services; and hardware, software, and infrastructure support services, as well as electronic devices, air conditioning products, and network solutions.