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

Fortum Oyj (OTCMKTS:FOJCY)’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.

Analyst Ratings Changes

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

Fortum Oyj Trading Up 2.2%

The company has a market cap of $20.95 billion and a price-to-earnings ratio of 7.04. The stock’s 50-day moving average is $4.66 and its 200-day moving average is $4.72.

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.