Fortune Electric traded at 504.00 this Thursday November 5th, decreasing 1.00 or 0.20 percent since the previous trading session. Looking back, over the last four weeks, Fortune Electric lost 27.06 percent. Over the last 12 months, its price fell by 35.80 percent. Looking ahead, we forecast Fortune Electric to be priced at 525.76 by the end of this quarter and at 456.78 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.