Shares of Fujitsu Ltd. (OTCMKTS:FJTSY – Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $28.47, but opened at $24.50. Fujitsu shares last traded at $23.75, with a volume of 13,741 shares changing hands.
The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06).
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Fujitsu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on FJTSY
Fujitsu Trading Down 16.4%
The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 0.04. The stock has a market cap of $41.80 billion, a price-to-earnings ratio of 44.07, a P/E/G ratio of 1.33 and a beta of 0.80. The company has a fifty day simple moving average of $25.63 and a 200-day simple moving average of $23.28.
About Fujitsu
Fujitsu Limited is a Japanese information and communications technology company that provides digital services, technology solutions and consulting to businesses, governments and other organizations. Its offerings include cloud computing, artificial intelligence, data and analytics, cybersecurity, application development, systems integration, managed services and digital transformation support.
The company also supplies computing and technology infrastructure, including servers, storage systems, networking products and related enterprise solutions.
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