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

Fortum Oyj (OTCMKTS:FOJCY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.57, but opened at $4.30. Fortum Oyj shares last traded at $4.34, with a volume of 4,161 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised 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.com, the stock has an average rating of “Hold”.

Fortum Oyj Price Performance

The stock has a fifty day moving average price of $4.82 and a two-hundred day moving average price of $4.68. The company has a market cap of $19.74 billion and a P/E ratio of 7.04.

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.