Fuji Electric (OTCMKTS:FELTY) Trading 16.6% Higher – Here’s Why

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTYGet Free Report) was up 16.6% on Thursday . The company traded as high as $21.40 and last traded at $21.40. Approximately 4,620 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 33,849 shares. The stock had previously closed at $18.36.

Fuji Electric Price Performance

The company’s 50-day simple moving average is $21.52 and its 200-day simple moving average is $20.09.

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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