Neste OYJ (OTCMKTS:NTOIY) Shares Down 5.8% – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price fell 5.8% during trading on Tuesday . The stock traded as low as $16.68 and last traded at $16.68. Approximately 1,860 shares were traded during trading, a decline of 97% from the average daily volume of 56,374 shares. The stock had previously closed at $17.70.

Analyst Ratings Changes

NTOIY has been the topic of several recent analyst reports. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Neste OYJ presently has a consensus rating of “Buy”.

Neste OYJ Price 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 company has a market capitalization of $25.71 billion and a P/E ratio of 14.60. The firm’s fifty day moving average is $16.66 and its 200 day moving average is $15.24.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data 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 21.16%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. As a group, analysts predict that Neste OYJ – Unsponsored ADR will post 1.5 earnings per share for the current fiscal 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.