Fuji Electric (OTCMKTS:FELTY) Shares Up 6.3% – Here’s What Happened

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s share price was up 6.3% during mid-day trading on Monday . The stock traded as high as $20.38 and last traded at $20.38. Approximately 5,613 shares were traded during trading, a decline of 70% from the average daily volume of 18,906 shares. The stock had previously closed at $19.18.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Fuji Electric to a “sell” rating in a research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Fuji Electric Stock Down 0.5%

The stock has a 50 day simple moving average of $18.71 and a 200-day simple moving average of $17.56.

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.