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

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped up prior to trading on Friday . The stock had previously closed at $23.02, but opened at $25.00. Fujitsu shares last traded at $24.41, with a volume of 32,288 shares trading hands.

Fujitsu Stock Up 6.1%

The company has a quick ratio of 1.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average is $24.01 and its two-hundred day moving average is $22.63.

Fujitsu (OTCMKTS:FJTSY) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.20 billion. As a group, research analysts predict that Fujitsu Ltd. will post 0.81 EPS for the current year.

Fujitsu Company Profile

Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi cloud and hybrid IT services; assessment and consultative services; SAP landscape transformation services; new workplace; datacentre products comprising integrated systems, storage solutions, servers, network switches, and infrastructure management; workplace products including notebooks, tablet PC’s, desktop PC’s, workstations, thin clients, displays, and peripheral devices; consumption based IT services; installation and implementation services; and hardware, software, and infrastructure support services, as well as electronic devices, air conditioning products, and network solutions.