Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Time to Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down prior to trading on Monday . The stock had previously closed at $19.21, but opened at $18.33. Neste OYJ shares last traded at $18.41, with a volume of 794 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Neste OYJ currently has an average rating of “Buy”.

Neste OYJ Price Performance

The company has a market capitalization of $28.29 billion and a P/E ratio of 16.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The company’s 50-day moving average price is $17.00 and its two-hundred day moving average price is $15.82.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. As a group, sell-side analysts expect that Neste OYJ – Unsponsored ADR will post 1.62 EPS for the current 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.