Shares of Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.56 and traded as high as $4.90. Fortum Oyj shares last traded at $4.7992, with a volume of 1,299 shares traded.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Fortum Oyj to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Fortum Oyj
Fortum Oyj Trading Up 2.7%
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.
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