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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $16.11, but opened at $17.24. Neste OYJ shares last traded at $16.67, with a volume of 1,596 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Neste OYJ has an average 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 company has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $13.74. The stock has a market capitalization of $24.65 billion and a price-to-earnings ratio of 29.70.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. As a group, equities research analysts expect that Neste OYJ – Unsponsored ADR will post 1.39 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.