Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – What’s Next?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down prior to trading on Monday . The stock had previously closed at $17.97, but opened at $16.71. Neste OYJ shares last traded at $16.86, with a volume of 6,798 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Neste OYJ Price Performance

The stock has a market capitalization of $25.71 billion and a P/E ratio of 14.60. 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 firm has a 50-day moving average price of $16.67 and a 200 day moving average price of $15.27.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a return on equity of 21.16% and a net margin of 7.35%. On average, analysts expect that Neste OYJ – Unsponsored ADR will post 1.5 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.