Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Should You Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up prior to trading on Monday . The stock had previously closed at $17.93, but opened at $18.86. Neste OYJ shares last traded at $18.88, with a volume of 1,673 shares traded.

Analyst Ratings Changes

NTOIY has been the subject of several research analyst reports. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Neste OYJ currently has an average rating of “Buy”.

Neste OYJ Stock Performance

The company’s 50-day simple moving average is $16.38 and its 200 day simple moving average is $14.75. 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 stock has a market cap of $29.14 billion and a P/E ratio of 35.12.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results 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. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. As a group, sell-side analysts expect that Neste OYJ – Unsponsored ADR will post 1.37 EPS for the current fiscal 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.