Fuji Electric (OTCMKTS:FELTY) Shares Gap Down – Time to Sell?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $18.69, but opened at $17.98. Fuji Electric shares last traded at $18.0360, with a volume of 2,389 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded 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 stock. According to data from MarketBeat, Fuji Electric has a consensus rating of “Reduce”.

Fuji Electric Stock Performance

The business’s 50 day moving average price is $18.45 and its two-hundred day moving average price is $18.10.

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.