Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.81, but opened at $11.17. Neste OYJ shares last traded at $11.17, with a volume of 566 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on NTOIY shares. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. BNP Paribas upgraded Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Neste OYJ has an average rating of “Moderate Buy”.

Neste OYJ Stock Performance

The stock has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $8.95.

Neste OYJ Company Profile

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.