Fujitsu (OTCMKTS:FJTSY) Shares Gap Down - Here's What Happened

Key Points

• Fujitsu Ltd. shares gapped down from a previous close of $23.85 to an opening of $22.89, with recent trading at $23.83 and a volume of 229,389 shares.
• The company reported $0.11 earnings per share for its last quarter, missing estimates of $0.14, alongside revenue of $5.05 billion, which fell short of the $5.20 billion forecast.
• Fujitsu's financial metrics include a debt-to-equity ratio of 0.05, a current ratio of 1.57, and a quick ratio of 1.41, indicating solid liquidity and low leverage.

Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $23.85, but opened at $22.89. Fujitsu shares last traded at $23.83, with a volume of 229,389 shares traded.

Fujitsu Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.57 and a quick ratio of 1.41. The company has a 50-day moving average price of $23.13 and a 200 day moving average price of $21.93.

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

Fujitsu Company Profile

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.

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