FORTUM OYJ/ADR (OTCMKTS:FOJCY) Stock Price Passes Below 50-Day Moving Average of $4.18

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Shares of FORTUM OYJ/ADR (OTCMKTS:FOJCY) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.18 and traded as low as $2.67. FORTUM OYJ/ADR shares last traded at $2.72, with a volume of 2,736 shares changing hands.

Several equities research analysts have recently weighed in on FOJCY shares. UBS Group reissued a “neutral” rating on shares of FORTUM OYJ/ADR in a research report on Friday, March 6th. Berenberg Bank reissued a “buy” rating on shares of FORTUM OYJ/ADR in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold”.

The business’s fifty day moving average price is $4.14 and its 200-day moving average price is $4.59.

FORTUM OYJ/ADR Company Profile (OTCMKTS:FOJCY)

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Russia, Poland, India, other parts of the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.

See Also: Channel Trading

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