Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped up before the market opened on Monday . The stock had previously closed at $17.93, but opened at $18.86. Neste OYJ shares last traded at $18.88, with a volume of 1,673 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Neste OYJ Trading Up 2.5%

The firm’s fifty day simple moving average is $16.38 and its 200 day simple moving average is $14.75. The stock has a market capitalization of $29.14 billion and a P/E ratio of 35.12. 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 announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. As a group, equities research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.37 EPS for the current fiscal 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.