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

Fortum Oyj (OTCMKTS:FOJCY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.94, but opened at $4.58. Fortum Oyj shares last traded at $4.58, with a volume of 103 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Fortum Oyj to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fortum Oyj has an average rating of “Hold”.

Fortum Oyj Price Performance

The firm has a fifty day moving average price of $4.96 and a two-hundred day moving average price of $4.61. The stock has a market capitalization of $20.50 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.