Fuji Electric (OTCMKTS:FELTY) Trading Down 6% – Here’s Why

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTYGet Free Report)’s stock price dropped 6% during mid-day trading on Friday . The stock traded as low as $18.4050 and last traded at $18.4050. 2,066 shares were traded during mid-day trading, a decline of 94% from the average session volume of 32,898 shares. The stock had previously closed at $19.57.

Fuji Electric Price Performance

The stock has a 50-day moving average price of $22.38 and a 200-day moving average price of $20.06.

About Fuji Electric

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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.

Further Reading

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