Fujitsu (OTCMKTS:FJTSY) Shares Gap Down – Here’s What Happened

Fujitsu Ltd. (OTCMKTS:FJTSY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $22.28, but opened at $21.0101. Fujitsu shares last traded at $21.2450, with a volume of 7,365 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Fujitsu to a “hold” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Fujitsu Stock Performance

The stock’s 50 day moving average price is $25.36 and its 200 day moving average price is $25.65. The company has a current ratio of 1.87, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 47.18, a P/E/G ratio of 0.82 and a beta of 0.89.

About Fujitsu

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.