Neste OYJ (OTCMKTS:NTOIY) Hits New 1-Year High – Still a Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price hit a new 52-week high on Friday . The company traded as high as $12.37 and last traded at $12.30, with a volume of 13435 shares traded. The stock had previously closed at $12.20.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTOIY. BNP Paribas Exane upgraded Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Finally, UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Neste OYJ has an average rating of “Moderate Buy”.

Neste OYJ Stock Up 0.1%

The stock has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $9.74.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.