Neste OYJ (OTCMKTS:NTOIY) Shares Break Below 200 Day Moving Average – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $16.14 and traded as low as $15.6330. Neste OYJ shares last traded at $15.76, with a volume of 74,713 shares traded.

Analyst Ratings Changes

NTOIY has been the subject of a number of recent research reports. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Neste OYJ Price Performance

The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market cap of $24.22 billion, a PE ratio of 13.75, a P/E/G ratio of 0.15 and a beta of -0.82. The firm has a 50 day moving average of $18.45 and a two-hundred day moving average of $16.14.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.28. The company had revenue of $7.29 billion during the quarter, compared to analyst estimates of $6.36 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. Research analysts predict that Neste OYJ – Unsponsored ADR will post 1.90 earnings per share for the current fiscal year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.