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

Key Points

• Fujitsu Ltd.'s shares gapped down from $24.93 to open at $24.00, with the last traded price at $24.66 and a trading volume of 20,337 shares.
• The company's most recent quarterly earnings reported an EPS of $0.11, falling short of analysts' estimate of $0.14, with a revenue of $5.05 billion against a forecast of $5.20 billion.
• Fujitsu maintains a low debt-to-equity ratio of 0.05 and positive financial indicators, as evidenced by a net margin of 8.72% and a return on equity of 17.48%.

Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $24.93, but opened at $24.00. Fujitsu shares last traded at $24.66, with a volume of 20,337 shares traded.

Fujitsu Stock Down 0.2%

The company's fifty day moving average is $23.30 and its 200 day moving average is $22.18. 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 announced its earnings results on Wednesday, July 30th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Fujitsu had a return on equity of 17.48% and a net margin of 8.72%.The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.20 billion. As a group, equities 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.