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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up before the market opened on Thursday . The stock had previously closed at $17.83, but opened at $18.84. Neste OYJ shares last traded at $18.87, with a volume of 564 shares trading hands.

Analyst Ratings Changes

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

Neste OYJ Stock Performance

The company’s 50-day moving average price is $16.78 and its two-hundred day moving average price is $15.65. The company has a market cap of $28.97 billion and a P/E ratio of 16.45. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last released its 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 business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 21.16%. As a group, equities analysts forecast that Neste OYJ – Unsponsored ADR will post 1.62 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.