Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $18.96, but opened at $17.06. Neste OYJ shares last traded at $17.2050, with a volume of 6,468 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Neste OYJ Stock Performance

The company’s fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The stock has a market capitalization of $27.03 billion and a P/E ratio of 32.57.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. As a group, equities analysts forecast that Neste OYJ – Unsponsored ADR will post 1.37 EPS 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.