Fujitsu (OTCMKTS:FJTSY) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group cut shares of Fujitsu (OTCMKTS:FJTSY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, UBS Group raised Fujitsu to a “hold” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Fujitsu Stock Up 1.2%

Shares of OTCMKTS FJTSY opened at $21.01 on Wednesday. Fujitsu has a 52-week low of $17.28 and a 52-week high of $30.05. 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 firm’s fifty day moving average is $25.07 and its two-hundred day moving average is $25.58.

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.