Fuji Electric (OTCMKTS:FELTY) Shares Gap Down – Should You Sell?

Shares of Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) gapped down before the market opened on Monday . The stock had previously closed at $18.97, but opened at $16.76. Fuji Electric shares last traded at $16.5650, with a volume of 1,106 shares changing hands.

Analysts Set New Price Targets

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

Fuji Electric Stock Performance

The stock’s 50 day simple moving average is $19.07 and its 200-day simple moving average is $17.89.

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.