Neste Oyj (OTCMKTS:NTOIF) Stock Price Down 4.8% – Here’s Why

Neste Oyj (OTCMKTS:NTOIF)’s stock price fell 4.8% during trading on Thursday . The company traded as low as $24.66 and last traded at $24.66. 100 shares were traded during mid-day trading, a decline of 53% from the average session volume of 213 shares. The stock had previously closed at $25.90.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Neste Oyj from a “hold” rating to a “buy” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Neste Oyj has an average rating of “Buy”.

Neste Oyj Price Performance

The firm’s 50 day moving average price is $22.60 and its 200-day moving average price is $19.84.

About Neste Oyj

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.