Neste OYJ (OTCMKTS:NTOIY) Stock Falls 5.1% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price dropped 5.1% during trading on Friday. The company traded as low as $17.76 and last traded at $17.76. Approximately 10,020 shares changed hands during trading, a decline of 81% from the average session volume of 52,943 shares. The stock had previously closed at $18.72.

Analyst Ratings Changes

A number of research firms have issued reports on NTOIY. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Trading Down 6.2%

The firm has a 50 day simple moving average of $18.29 and a 200 day simple moving average of $16.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The firm has a market cap of $26.98 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.19 and a beta of -0.81.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. On average, equities research analysts predict that Neste OYJ – Unsponsored ADR will post 1.73 EPS for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.