Jefferies Financial Group began coverage on shares of Furukawa Electric (OTCMKTS:FUWAY) in a report published on Tuesday morning, The Fly reports. The brokerage issued a hold rating on the stock.
Separately, Mizuho lowered Furukawa Electric from a buy rating to a neutral rating in a research note on Wednesday, September 1st.
OTCMKTS FUWAY opened at $11.03 on Tuesday. The stock’s fifty day moving average is $11.58 and its two-hundred day moving average is $12.73. Furukawa Electric has a fifty-two week low of $10.00 and a fifty-two week high of $14.67.
Furukawa Electric Co, Ltd. engages in transmission infrastructure and functional materials businesses. It operates through the following segments: Infrastructure, Electronics and Automotive Systems, Functional Products, and Service and Developments. The Infrastructure segment manufactures and sells optic fiber, optic fiber cable, light related parts, optical semiconductor device, metal communication cable, optical fiber fusion splicer, network equipment, CATV system, and wireless products power cables.
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