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

Fortum Oyj (OTCMKTS:FOJCY) shares 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 traded.

Analyst Ratings Changes

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

Fortum Oyj Stock Performance

The firm’s 50 day moving average price is $4.95 and its two-hundred day moving average price is $4.64. The firm has a market cap of $21.64 billion and a PE ratio of 7.04.

About Fortum Oyj

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.