Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) saw unusually-strong trading volume on Monday. Approximately 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.
Wall Street Analysts Forecast Growth
Separately, UBS Group raised Fortum Oyj from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Fortum Oyj currently has a consensus rating of “Hold”.
View Our Latest Stock Report on Fortum Oyj
Fortum Oyj Stock Performance
The stock has a 50-day simple moving average of $5.22 and a 200 day simple moving average of $4.84.
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.
Featured Stories
- Five stocks we like better than Fortum Oyj
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
Receive News & Ratings for Fortum Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortum Oyj and related companies with MarketBeat.com's FREE daily email newsletter.
