Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Should You Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $18.96, but opened at $17.06. Neste OYJ shares last traded at $17.2050, with a volume of 6,468 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTOIY shares. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $16.55 and its two-hundred day moving average is $14.96. The firm has a market capitalization of $27.03 billion and a price-to-earnings ratio of 32.57.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, analysts predict that Neste OYJ – Unsponsored ADR will post 1.37 earnings per share 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.