Fujitsu (OTCMKTS:FJTSY) Shares Gap Up – Still a Buy?

Shares of Fujitsu Ltd. (OTCMKTS:FJTSY) gapped up prior to trading on Monday. The stock had previously closed at $20.5450, but opened at $22.02. Fujitsu shares last traded at $21.93, with a volume of 14,001 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Fujitsu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Fujitsu Stock Up 6.7%

The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $25.46 and its 200-day moving average price is $23.06. The stock has a market capitalization of $38.50 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 0.92 and a beta of 0.87.

Fujitsu (OTCMKTS:FJTSY) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.23 billion. Analysts forecast that Fujitsu Ltd. will post 1.18 earnings per share for the current year.

Fujitsu Company Profile

Fujitsu Limited is a Japanese information and communications technology company that provides technology products, services and solutions to businesses and public-sector organizations. Its offerings include IT consulting, systems integration, cloud services, artificial intelligence, cybersecurity and other digital transformation services, as well as computing, storage and network products.

Founded in 1935 as Fuji Tsushinki Seizo, the company initially made telecommunications equipment and later expanded into computers and a broad range of information technology services.