Fortune Electric traded at 699.00 this Thursday September 24th, decreasing 5.00 or 0.71 percent since the previous trading session. Looking back, over the last four weeks, Fortune Electric lost 2.51 percent. Over the last 12 months, its price rose by 19.49 percent. Looking ahead, we forecast Fortune Electric to be priced at 688.27 by the end of this quarter and at 598.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.