Neste Oyj (OTCMKTS:NTOIF) Trading Up 3% – Still a Buy?

Neste Oyj (OTCMKTS:NTOIF)’s share price was up 3% on Wednesday . The company traded as high as $33.21 and last traded at $33.21. Approximately 1,250 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 3,575 shares. The stock had previously closed at $32.23.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NTOIF shares. Barclays upgraded shares of Neste Oyj from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada upgraded shares of Neste Oyj from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Neste Oyj presently has an average rating of “Buy”.

Neste Oyj Stock Down 0.6%

The company’s fifty day simple moving average is $31.25 and its 200 day simple moving average is $25.68.

Neste Oyj Company Profile

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.