Fuji Electric (OTCMKTS:FELTY) Sets New 12-Month High – Here’s Why

Shares of Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) hit a new 52-week high during trading on Friday . The company traded as high as $25.39 and last traded at $24.54, with a volume of 14547 shares traded. The stock had previously closed at $24.58.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Fuji Electric to a “sell” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Fuji Electric Stock Performance

The stock’s 50 day moving average price is $18.92 and its 200-day moving average price is $18.62.

About Fuji Electric

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.