Neste OYJ (OTCMKTS:NTOIY) Sets New 12-Month High – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $14.73 and last traded at $14.50, with a volume of 5064 shares traded. The stock had previously closed at $14.30.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. UBS Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Neste OYJ presently has an average rating of “Moderate Buy”.

Neste OYJ Price Performance

The stock has a market cap of $22.51 billion and a PE ratio of 162.78. The business has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $10.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%.

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.