Neste OYJ (OTCMKTS:NTOIY) Sees Strong Trading Volume – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw an uptick in trading volume on Friday . Approximately 46,531 shares traded hands during trading, a decline of 14% from the previous session’s volume of 54,044 shares.The stock last traded at $18.32 and had previously closed at $18.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Neste OYJ Stock Down 0.3%

The stock’s fifty day moving average price is $17.46 and its 200 day moving average price is $16.13. The stock has a market cap of $28.33 billion and a P/E ratio of 16.09. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current fiscal 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.