Fortum Oyj (OTCMKTS:FOJCY) Shares Down 6.2% – Here’s Why

Fortum Oyj (OTCMKTS:FOJCY) fell 6.2% during mid-day trading on Thursday . The company traded as low as $4.7275 and last traded at $4.7275. 1,648 shares traded hands during trading, a decline of 75% from the average session volume of 6,659 shares. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Fortum Oyj Stock Performance

The stock has a 50 day moving average of $4.94 and a two-hundred day moving average of $4.62. The stock has a market cap of $21.21 billion and a PE ratio of 7.04.

Fortum Oyj Company Profile

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.