Fortum Oyj (OTCMKTS:FOJCY) Shares Gap Down – Should You Sell?

Fortum Oyj (OTCMKTS:FOJCY) shares gapped down prior to trading on Friday . The stock had previously closed at $4.77, but opened at $4.57. Fortum Oyj shares last traded at $4.5120, with a volume of 7,210 shares trading hands.

Analyst Upgrades and Downgrades

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

Fortum Oyj Stock Down 2.4%

The business has a 50 day moving average price of $4.66 and a 200 day moving average price of $4.73. The stock has a market cap of $20.46 billion and a P/E ratio of 7.04.

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.