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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $17.97, but opened at $16.71. Neste OYJ shares last traded at $16.86, with a volume of 6,798 shares.

Wall Street Analyst Weigh In

NTOIY has been the subject of a number of recent analyst reports. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three 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 stock. According to data from MarketBeat, Neste OYJ has an average rating of “Buy”.

Neste OYJ Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The firm has a market cap of $26.47 billion and a P/E ratio of 15.03. The company’s 50 day moving average is $16.64 and its 200 day moving average is $15.20.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a return on equity of 21.16% and a net margin of 7.35%. As a group, equities analysts predict that Neste OYJ – Unsponsored ADR will post 1.5 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.