Neste Oyj (OTCMKTS:NTOIF) Trading Down 4.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of 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 data from MarketBeat, the company currently has an average rating of “Buy”.

Neste Oyj Stock Performance

The company has a 50 day moving average of $22.72 and a 200-day moving average of $19.91.

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.