Neste OYJ (OTCMKTS:NTOIY) Hits New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.4002 and last traded at $19.2450, with a volume of 2886 shares trading hands. The stock had previously closed at $18.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

View Our Latest Analysis on Neste OYJ

Neste OYJ Trading Up 2.1%

The stock has a 50-day moving average of $17.58 and a 200 day moving average of $16.22. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The stock has a market cap of $29.22 billion and a PE ratio of 16.60.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, sell-side analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current year.

Neste OYJ Company Profile

(Get Free Report)

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.

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