Fuji Electric (OTCMKTS:FELTY) Hits New 52-Week High – Should You Buy?

Shares of Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) reached a new 52-week high on Tuesday . The stock traded as high as $18.79 and last traded at $18.7880, with a volume of 610 shares. The stock had previously closed at $18.5150.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Fuji Electric from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fuji Electric Stock Up 1.5%

The company’s 50 day moving average price is $17.60 and its two-hundred day moving average price is $15.39.

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.