Fujitsu (OTCMKTS:FJTSY) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Fujitsu (OTCMKTS:FJTSY) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Separately, UBS Group raised shares of Fujitsu to a “hold” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Fujitsu Trading Down 4.7%

Shares of FJTSY stock opened at $20.00 on Wednesday. The firm has a fifty day moving average of $24.92 and a 200-day moving average of $25.55. The stock has a market cap of $37.69 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 0.77 and a beta of 0.89. Fujitsu has a 52-week low of $17.28 and a 52-week high of $30.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.87.

About Fujitsu

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.