Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $16.08, but opened at $15.51. Neste OYJ shares last traded at $15.67, with a volume of 4,678 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday. UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Neste OYJ Trading Up 1.3%

The stock’s fifty day simple moving average is $12.66 and its 200-day simple moving average is $11.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The firm has a market cap of $24.20 billion and a PE ratio of 175.00.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data 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 had a net margin of 0.81% and a return on equity of 2.13%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.59 billion.

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.