Fuji Electric (OTCMKTS:FELTY) Shares Up 12.3% – Here’s Why

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTYGet Free Report)’s stock price rose 12.3% during trading on Friday . The stock traded as high as $25.51 and last traded at $25.5041. Approximately 734 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 29,080 shares. The stock had previously closed at $22.71.

Fuji Electric Price Performance

The company’s fifty day simple moving average is $19.44 and its 200 day simple moving average is $18.81.

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.

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