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

Fujitsu Ltd. (OTCMKTS:FJTSY) gapped down before the market opened on Wednesday . The stock had previously closed at $20.81, but opened at $19.64. Fujitsu shares last traded at $20.47, with a volume of 36,429 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Fujitsu presently has a consensus rating of “Hold”.

Fujitsu Stock Performance

The stock’s 50-day moving average is $20.82 and its two-hundred day moving average is $23.15. The stock has a market cap of $36.81 billion, a PE ratio of 46.58, a PEG ratio of 0.96 and a beta of 0.81.

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.