Fortum Oyj (OTCMKTS:FOJCY) Hits New 1-Year High – Should You Buy?

Fortum Oyj (OTCMKTS:FOJCY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.75 and last traded at $5.75, with a volume of 4265 shares trading hands. The stock had previously closed at $5.00.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Fortum Oyj to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fortum Oyj currently has an average rating of “Hold”.

Fortum Oyj Stock Up 14.0%

The firm has a 50 day moving average price of $4.59 and a 200 day moving average price of $4.74.

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.