Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s What Happened
by Jessica Moore · The Cerbat GemNeste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $17.24, but opened at $15.78. Neste OYJ shares last traded at $15.96, with a volume of 4,664 shares trading hands.
Wall Street Analysts Forecast Growth
NTOIY has been the subject of several research reports. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note 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. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Report on Neste OYJ
Neste OYJ Trading Up 1.6%
The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The business’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $12.59. The company has a market capitalization of $24.91 billion and a PE ratio of 30.02.
Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, 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.