Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw unusually-high trading volume on Thursday . Approximately 60,581 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 21,033 shares.The stock last traded at $12.1497 and had previously closed at $12.69.

Analyst Ratings Changes

NTOIY has been the topic of a number of recent research reports. UBS Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. BNP Paribas Exane upgraded shares of Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. Finally, Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Neste OYJ currently has an average rating of “Moderate Buy”.

Neste OYJ Price Performance

The stock’s 50-day simple moving average is $11.41 and its two-hundred day simple moving average is $10.10.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01).

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.