Fortum Oyj (OTCMKTS:FOJCY) Shares Gap Down – What’s Next?

Fortum Oyj (OTCMKTS:FOJCY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.77, but opened at $4.57. Fortum Oyj shares last traded at $4.5120, with a volume of 7,210 shares changing hands.

Analyst Ratings Changes

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

Fortum Oyj Stock Down 2.0%

The stock has a market capitalization of $20.52 billion and a price-to-earnings ratio of 7.04. The company has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.72.

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.