Neste OYJ (OTCMKTS:NTOIY) Shares Up 4.9% – Here’s Why
by Michael Walen · The Markets DailyShares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) traded up 4.9% during trading on Tuesday . The company traded as high as $19.10 and last traded at $19.10. 11,633 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 53,590 shares. The stock had previously closed at $18.21.
Analyst Ratings Changes
Several research firms recently commented on NTOIY. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Four equities 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 stock presently has a consensus rating of “Buy”.
Read Our Latest Report on Neste OYJ
Neste OYJ Stock Performance
The firm’s fifty day moving average is $18.01 and its 200-day moving average is $16.54. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $29.12 billion and a PE ratio of 16.54.
Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last announced its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, research analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.73 earnings per share for the current year.
Neste OYJ Company Profile
Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.
Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.