Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Time to Sell?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Monday. The stock had previously closed at $18.68, but opened at $17.90. Neste OYJ shares last traded at $18.01, with a volume of 1,121 shares traded.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of several research reports. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Neste OYJ presently has a consensus rating of “Strong Buy”.

Neste OYJ Stock Up 1.1%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $18.43 and a 200-day simple moving average of $17.04. The stock has a market capitalization of $28.15 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.17 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. On average, sell-side analysts forecast that Neste OYJ – Unsponsored ADR will post 1.90 EPS for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.