Neste Oyj (OTCMKTS:NTOIF) Stock Price Up 1.2% – Time to Buy?

Neste Oyj (OTCMKTS:NTOIF) traded up 1.2% on Wednesday . The stock traded as high as $32.40 and last traded at $32.40. 229 shares were traded during mid-day trading, a decline of 95% from the average session volume of 4,754 shares. The stock had previously closed at $32.00.

Wall Street Analysts Forecast Growth

NTOIF has been the topic of several research analyst reports. Barclays raised Neste Oyj from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada raised Neste Oyj from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Neste Oyj presently has a consensus rating of “Buy”.

Neste Oyj Stock Performance

The firm’s 50-day moving average is $32.53 and its 200-day moving average is $28.65.

About Neste Oyj

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.