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

Key Points

• Fujitsu Ltd.'s stock price opened at $25.00 after previously closing at $23.02, reflecting a gap up of over 8%.
• The company's recent quarterly earnings report indicated $0.11 earnings per share, missing analysts' expectations of $0.14.
• Fujitsu has a strong financial position with a debt-to-equity ratio of 0.05 and a current ratio of 1.57.

Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $23.02, but opened at $25.00. Fujitsu shares last traded at $24.41, with a volume of 32,288 shares traded.

Fujitsu Stock Up 6.1%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.41 and a current ratio of 1.57. The business has a 50-day moving average price of $23.96 and a two-hundred day moving average price of $22.59.

Fujitsu (OTCMKTS:FJTSY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.20 billion. On average, equities research analysts predict that Fujitsu Ltd. will post 0.81 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.