Fujitsu (OTCMKTS:FJTSY) Shares Gap Up – Time to Buy?

Fujitsu Ltd. (OTCMKTS:FJTSY – Get Free Report)’s share price gapped up prior to trading on Monday. The stock had previously closed at $20.5450, but opened at $22.02. Fujitsu shares last traded at $21.93, with a volume of 14,001 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Fujitsu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on FJTSY

Fujitsu Price Performance

The stock has a market capitalization of $37.78 billion, a P/E ratio of 34.69, a PEG ratio of 0.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 1.83. The firm has a fifty day moving average price of $25.37 and a two-hundred day moving average price of $23.00.

Fujitsu (OTCMKTS:FJTSY – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The technology company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.07). The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.23 billion. As a group, analysts expect that Fujitsu Ltd. will post 1.18 EPS for the current fiscal year.

About Fujitsu

(Get Free Report)

Fujitsu Limited is a Japanese information and communications technology company that provides technology products, services and solutions to businesses and public-sector organizations. Its offerings include IT consulting, systems integration, cloud services, artificial intelligence, cybersecurity and other digital transformation services, as well as computing, storage and network products. Founded in 1935 as Fuji Tsushinki Seizo, the company initially made telecommunications equipment and later expanded into computers and a broad range of information technology services.

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