Neste OYJ (OTCMKTS:NTOIY) Shares Down 5.8% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) traded down 5.8% during mid-day trading on Tuesday . The company traded as low as $16.68 and last traded at $16.68. 1,860 shares were traded during mid-day trading, a decline of 97% from the average session volume of 56,374 shares. The stock had previously closed at $17.70.

Analysts Set New Price Targets

NTOIY has been the subject of several research analyst reports. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. 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. According to MarketBeat.com, the stock has an average rating of “Buy”.

Neste OYJ Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company has a market capitalization of $25.71 billion and a PE ratio of 14.60. The company’s 50-day simple moving average is $16.66 and its 200-day simple moving average is $15.24.

Neste OYJ (OTCMKTS:NTOIY) last announced its 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 7.35% and a return on equity of 21.16%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. As a group, sell-side analysts anticipate 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.