Fujitsu (OTCMKTS:FJTSY) Shares Gap Down – What’s Next?

Fujitsu Ltd. (OTCMKTS:FJTSY) shares gapped down before the market opened on Thursday . The stock had previously closed at $23.39, but opened at $22.23. Fujitsu shares last traded at $23.13, with a volume of 11,531 shares.

Analyst Upgrades and Downgrades

FJTSY has been the subject of a number of research analyst reports. Jefferies Financial Group cut Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. UBS Group upgraded shares of Fujitsu to a “hold” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fujitsu presently has a consensus rating of “Hold”.

Fujitsu Stock Up 4.6%

The company has a market cap of $42.31 billion, a PE ratio of 53.53, a P/E/G ratio of 1.21 and a beta of 0.91. The firm has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $25.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.62.

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.