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Furukawa Electric Co ( (JP:5801) ) has issued an update.
Furukawa Electric Co., Ltd. has announced the determination of the selling price for its secondary offering of shares, which was resolved at a recent Board of Directors meeting. The secondary offering involves a significant number of shares, with a portion allocated to international investors, excluding the United States and Canada. This move is expected to enhance the company’s capital structure and potentially strengthen its market position.
The most recent analyst rating on (JP:5801) stock is a Buy with a Yen4950.00 price target. To see the full list of analyst forecasts on Furukawa Electric Co stock, see the JP:5801 Stock Forecast page.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electrical and electronics industry, primarily focusing on the production and distribution of electrical components and systems. The company is listed on the Prime Market of the Tokyo Stock Exchange and engages in various market segments, including international markets in Europe and Asia.
Average Trading Volume: 3,958,806
Technical Sentiment Signal: Buy
Current Market Cap: Yen541.7B
Learn more about 5801 stock on TipRanks’ Stock Analysis page.