Fujitsu (OTCMKTS:FJTSY) Stock Breaks Below Two Hundred Day Moving Average After Earnings Miss

Fujitsu Ltd. (OTCMKTS:FJTSY)’s share price passed below its 200-day moving average during trading on Friday following a dissappointing earnings announcement. The stock has a 200-day moving average of $23.24 and traded as low as $22.52. Fujitsu shares last traded at $22.89, with a volume of 376,666 shares.

The technology company reported $0.15 earnings per share (EPS) 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.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Fujitsu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Fujitsu Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.83 and a quick ratio of 1.56. The stock has a market cap of $40.20 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 1.11 and a beta of 0.80. The firm has a fifty day moving average of $25.64 and a 200 day moving average of $23.24.

About Fujitsu

Fujitsu Limited is a Japanese information and communications technology company that provides digital services, technology solutions and consulting to businesses, governments and other organizations. Its offerings include cloud computing, artificial intelligence, data and analytics, cybersecurity, application development, systems integration, managed services and digital transformation support.

The company also supplies computing and technology infrastructure, including servers, storage systems, networking products and related enterprise solutions.