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

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) reached a new 52-week high on Saturday . The stock traded as high as $23.97 and last traded at $23.8850, with a volume of 12206 shares trading hands. The stock had previously closed at $21.97.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Fuji Electric to a “sell” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Fuji Electric Stock Up 8.7%

The stock has a fifty day moving average price of $18.65 and a 200 day moving average price of $18.39.

Fuji Electric Company Profile

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.