Fujitsu (OTCMKTS:FJTSY) Shares Gap Up – Still a Buy?

Fujitsu Ltd. (OTCMKTS:FJTSY) shares gapped up before the market opened on Monday. The stock had previously closed at $20.5450, but opened at $22.02. Fujitsu shares last traded at $21.93, with a volume of 14,001 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Fujitsu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Fujitsu Stock Up 6.7%

The company has a market cap of $38.50 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 0.92 and a beta of 0.87. The business’s fifty day moving average is $25.46 and its two-hundred day moving average is $23.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 1.83.

Fujitsu (OTCMKTS:FJTSY) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Equities analysts predict that Fujitsu Ltd. will post 1.18 EPS for the current year.

About Fujitsu

Fujitsu Limited is a Japanese information and communications technology company that provides technology products, services and solutions to businesses and public-sector organizations. Its offerings include IT consulting, systems integration, cloud services, artificial intelligence, cybersecurity and other digital transformation services, as well as computing, storage and network products.

Founded in 1935 as Fuji Tsushinki Seizo, the company initially made telecommunications equipment and later expanded into computers and a broad range of information technology services.