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

Fujitsu Ltd. (OTCMKTS:FJTSYGet Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $21.07, but opened at $22.22. Fujitsu shares last traded at $22.1192, with a volume of 48,519 shares traded.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on FJTSY

Fujitsu Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.87 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $21.31 and its 200 day moving average price is $24.36. The firm has a market cap of $37.14 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80.

About Fujitsu

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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.

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