Fuji Electric (OTCMKTS:FELTY) Sets New 52-Week High – Should You Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY)’s stock price reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $23.97 and last traded at $23.8850, with a volume of 12206 shares traded. The stock had previously closed at $21.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut 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 currently has an average rating of “Reduce”.

Fuji Electric Stock Performance

The company’s 50 day moving average is $18.65 and its two-hundred day moving average is $18.39.

About Fuji Electric

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.