Fuji Electric (OTCMKTS:FELTY) Shares Gap Up – Still a Buy?

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $18.5150, but opened at $19.19. Fuji Electric shares last traded at $19.19, with a volume of 1,340 shares.

Fuji Electric Trading Up 0.5%

The company’s 50-day simple moving average is $17.70 and its 200-day simple moving average is $15.50.

Fuji Electric Company Profile

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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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