Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Should You Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up prior to trading on Tuesday . The stock had previously closed at $11.70, but opened at $12.3499. Neste OYJ shares last traded at $11.89, with a volume of 2,788 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NTOIY shares. BNP Paribas raised Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Neste OYJ has a consensus rating of “Moderate Buy”.

Neste OYJ Trading Down 1.9%

The company has a 50 day moving average of $10.56 and a 200-day moving average of $9.38.

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.