Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Monday . The stock had previously closed at $17.97, but opened at $16.71. Neste OYJ shares last traded at $16.86, with a volume of 6,798 shares.

Analysts Set New Price Targets

NTOIY has been the topic of a number of research reports. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Neste OYJ currently has an average rating of “Buy”.

Neste OYJ Price Performance

The firm’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $15.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock has a market cap of $26.47 billion and a PE ratio of 15.03.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a return on equity of 21.16% and a net margin of 7.35%. On average, research analysts expect that Neste OYJ – Unsponsored ADR will post 1.5 earnings per share for the current year.

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.