Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down prior to trading on Wednesday . The stock had previously closed at $18.97, but opened at $18.3782. Neste OYJ shares last traded at $18.62, with a volume of 7,866 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company has a 50-day moving average of $17.46 and a 200 day moving average of $16.13. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $28.43 billion and a PE ratio of 16.14.

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. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Sell-side analysts predict that Neste OYJ – Unsponsored ADR will post 1.62 EPS for the current year.

Neste OYJ Company Profile

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.