Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $19.21, but opened at $18.33. Neste OYJ shares last traded at $18.41, with a volume of 794 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Neste OYJ Price Performance

The business has a 50-day moving average price of $16.89 and a 200 day moving average price of $15.74. The company has a market cap of $27.90 billion and a price-to-earnings ratio of 15.85. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. As a group, research analysts expect that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current fiscal 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.