Fortum Oyj (OTCMKTS:FOJCY) Sees Strong Trading Volume – Here’s What Happened

Shares of Fortum Oyj (OTCMKTS:FOJCY) saw an uptick in trading volume on Monday . 13,949 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 6,544 shares.The stock last traded at $4.78 and had previously closed at $5.01.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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 MarketBeat, Fortum Oyj has a consensus rating of “Hold”.

Fortum Oyj Price Performance

The firm has a market cap of $21.40 billion and a P/E ratio of 7.04. The stock has a 50 day moving average of $4.95 and a 200 day moving average of $4.64.

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.