Fortum Oyj (OTCMKTS:FOJCY) Stock Price Down 6.2% – Here’s What Happened

Fortum Oyj (OTCMKTS:FOJCY)’s share price dropped 6.2% during trading on Thursday . The stock traded as low as $4.7275 and last traded at $4.7275. Approximately 1,648 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 6,659 shares. The stock had previously closed at $5.04.

Wall Street Analyst Weigh In

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

Fortum Oyj Stock Performance

The company has a market capitalization of $22.48 billion and a PE ratio of 7.04. The company’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $4.63.

About Fortum Oyj

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.