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

Shares of Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $5.52, but opened at $5.21. Fortum Oyj shares last traded at $5.22, with a volume of 582 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Fortum Oyj from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fortum Oyj currently has a consensus rating of “Hold”.

Get Our Latest Report on FOJCY

Fortum Oyj Trading Down 4.4%

The firm’s fifty day moving average price is $4.95 and its 200-day moving average price is $4.85.

About Fortum Oyj

(Get Free Report)

Fortum Oyj is a Finnish energy company headquartered in Espoo, Finland. The company generates and sells electricity and provides heating and cooling services, with a primary focus on reliable, low-carbon energy production. Its generation portfolio includes hydropower, nuclear power, wind power and solar power, complemented by flexible thermal generation and energy services.

Fortum serves customers primarily in the Nordic region and Poland. In addition to supplying electricity and district heating, the company provides solutions intended to help businesses and communities reduce emissions, improve energy efficiency and transition away from fossil fuels.

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