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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $16.08, but opened at $15.51. Neste OYJ shares last traded at $15.67, with a volume of 4,678 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTOIY. Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. UBS Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. 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. Finally, Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Stock Up 6.2%

The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The stock has a market cap of $25.44 billion and a P/E ratio of 183.93. The company’s 50 day moving average price is $12.83 and its two-hundred day moving average price is $11.10.

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

About Neste OYJ

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.