Fortum Oyj (OTCMKTS:FOJCY) Shares Gap Down – Here’s What Happened

Fortum Oyj (OTCMKTS:FOJCY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.01, but opened at $4.78. Fortum Oyj shares last traded at $4.78, with a volume of 692 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Fortum Oyj to a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fortum Oyj currently has a consensus rating of “Hold”.

Fortum Oyj Trading Down 0.4%

The company has a market capitalization of $21.35 billion and a PE ratio of 7.04. The stock has a fifty day moving average of $4.95 and a two-hundred day moving average of $4.64.

Fortum Oyj Company Profile

Fortum Oyj is a Finnish energy company primarily engaged in the production, distribution and sale of electricity and heat. The company’s generation portfolio spans a mix of nuclear, hydroelectric, combined‐cycle gas and bioenergy power plants. In addition to large‐scale power generation, Fortum operates district heating networks and waste‐to‐energy facilities, providing heat and power solutions to municipalities, industrial customers and residential users across its core markets.

In its customer solutions segment, Fortum offers electricity retail services, electric vehicle charging infrastructure and energy efficiency solutions.