Neste OYJ (OTCMKTS:NTOIY) Reaches New 52-Week High – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.73 and last traded at $14.50, with a volume of 5064 shares. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Up 9.4%

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $12.58 and a 200-day simple moving average of $10.93. The firm has a market cap of $24.71 billion and a PE ratio of 178.67.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

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.