Fortum Oyj (OTCMKTS:FOJCY) Shares Gap Up – Still a Buy?

Fortum Oyj (OTCMKTS:FOJCYGet Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.00, but opened at $5.74. Fortum Oyj shares last traded at $5.82, with a volume of 6,287 shares.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Fortum Oyj

Fortum Oyj Stock Down 0.9%

The company’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $4.75.

Fortum Oyj Company Profile

(Get Free Report)

Fortum Oyj is a Finnish energy company headquartered in Espoo, Finland. The company generates and sells electricity and provides heating and cooling solutions, with a focus on reliable, low-carbon energy production. Its generation portfolio includes hydropower, nuclear power, wind power and solar power, supported by electricity sales and related energy services.

Fortum also works with industrial and municipal customers on decarbonization, energy efficiency and the electrification of energy use.

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