Fuji Electric (OTCMKTS:FELTY) Reaches New 1-Year High – Time to Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) hit a new 52-week high during trading on Saturday . The stock traded as high as $20.33 and last traded at $20.3130, with a volume of 15298 shares traded. The stock had previously closed at $19.18.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Fuji Electric to a “sell” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Fuji Electric Trading Up 5.9%

The firm has a 50-day moving average of $18.71 and a 200-day moving average of $17.56.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.