Fortum Oyj (OTCMKTS:FOJCY) Shares Gap Up – Should You Buy?

Fortum Oyj (OTCMKTS:FOJCYGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.57, but opened at $4.7660. Fortum Oyj shares last traded at $4.67, with a volume of 1,479 shares changing hands.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Fortum Oyj

Fortum Oyj Stock Performance

The firm has a market capitalization of $20.95 billion and a P/E ratio of 7.04. The stock has a 50 day moving average of $4.66 and a 200-day moving average of $4.72.

About Fortum Oyj

(Get Free Report)

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.

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