Fujitsu (OTCMKTS:FJTSY) Shares Gap Down – Here’s What Happened

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped down before the market opened on Tuesday . The stock had previously closed at $23.01, but opened at $20.44. Fujitsu shares last traded at $21.73, with a volume of 295,041 shares trading hands.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Fujitsu to a “hold” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Fujitsu Trading Down 5.6%

The stock has a market cap of $40.95 billion, a P/E ratio of 48.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.87. The firm’s fifty day simple moving average is $26.93 and its 200-day simple moving average is $25.83.

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.