Fuji Electric (OTCMKTS:FELTY) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Fuji Electric (OTCMKTS:FELTY) from a "strong sell" rating to a "hold" rating, indicating a shift in investor sentiment.
• The stock price of Fuji Electric opened at $15.74, with a one-year range from a low of $7.92 to a high of $16.59.
• Fuji Electric operates in power electronics and semiconductor solutions, providing products such as drivers, inverters, and factory automation systems across various sectors.

Zacks Research upgraded shares of Fuji Electric (OTCMKTS:FELTY - Free Report) from a strong sell rating to a hold rating in a research report report published on Tuesday, August 26th,Zacks.com reports.

Fuji Electric Stock Performance

Shares of OTCMKTS FELTY traded down $0.13 during trading hours on Tuesday, reaching $15.64. 3,661 shares of the stock were exchanged, compared to its average volume of 34,519. The firm has a market capitalization of $9.21 billion and a price-to-earnings ratio of 0.07. Fuji Electric has a 52 week low of $7.92 and a 52 week high of $16.59. The stock's fifty day simple moving average is $13.46 and its 200 day simple moving average is $11.79.

About Fuji Electric

Fuji Electric Co, Ltd., together with its subsidiaries, develops power semiconductors and electronics solutions in Japan and internationally. It operates through Power Electronics Energy, Power Electronics Industry, Semiconductor, Power Generation, Food and Beverages Distribution, Others segments. The company also offers drivers and inverters including AC drivers, motors, and servo systems; semiconductors and photoconductors; power supply products, which includes uninterruptible power systems, solar inverters, data centers, rectifiers, and formers; sensors and measurements, such as instrumentation and radiation monitoring systems; and factory automation systems.