Neste Oyj (OTCMKTS:NTOIF) Shares Down 4.8% – Time to Sell?

Neste Oyj (OTCMKTS:NTOIF)’s stock price traded down 4.8% during trading on Thursday . The stock traded as low as $24.66 and last traded at $24.66. 100 shares were traded during mid-day trading, a decline of 53% from the average session volume of 213 shares. The stock had previously closed at $25.90.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Neste Oyj from a “hold” rating to a “buy” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Neste Oyj Price Performance

The business’s fifty day simple moving average is $22.60 and its two-hundred day simple moving average is $19.84.

About Neste Oyj

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.