Fuji Electric (OTCMKTS:FELTY) Reaches New 52-Week High – Should You Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.40 and last traded at $21.32, with a volume of 16621 shares changing hands. The stock had previously closed at $21.81.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Fuji Electric to a “sell” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Fuji Electric Stock Up 4.1%

The company’s 50 day simple moving average is $19.04 and its 200-day simple moving average is $17.74.

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.