Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Time to Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw strong trading volume on Thursday . 39,293 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 55,650 shares.The stock last traded at $15.19 and had previously closed at $15.34.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NTOIY shares. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Neste OYJ currently has an average rating of “Buy”.

Neste OYJ Price Performance

The stock has a market capitalization of $23.72 billion and a PE ratio of 28.58. The firm’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $14.08. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The company had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. On average, equities analysts predict that Neste OYJ – Unsponsored ADR will post 1.39 earnings per share for the current year.

About Neste OYJ

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.