Shares of Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) saw unusually-strong trading volume on Monday. 11,650 shares traded hands during trading, an increase of 76% from the average daily volume of 6,603 shares. The stock last traded at $5.22 and had previously closed at $5.16.
Analyst Upgrades and Downgrades
Separately, UBS Group raised shares of Fortum Oyj from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Fortum Oyj currently has a consensus rating of “Hold”.
View Our Latest Analysis on Fortum Oyj
Fortum Oyj Price Performance
The firm’s 50-day moving average is $5.24 and its two-hundred day moving average is $4.85.
Fortum Oyj Company Profile
Fortum Oyj is a Finnish energy company headquartered in Espoo. It generates and sells electricity and provides energy-related services to households and businesses, with operations focused primarily on the Nordic region. The company’s power generation portfolio includes hydropower, nuclear power, wind and solar energy. Fortum also supplies energy to customers and provides heating and cooling services in selected markets. Fortum was formed in 1998 through the combination of Finland’s Imatran Voima and the energy business of Neste.
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