Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Tuesday. The stock had previously closed at $18.23, but opened at $17.73. Neste OYJ shares last traded at $17.9490, with a volume of 3,370 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Price Performance

The company has a market capitalization of $27.67 billion, a PE ratio of 15.71, a P/E/G ratio of 0.18 and a beta of -0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a 50 day moving average price of $18.32 and a two-hundred day moving average price of $16.97.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Equities analysts forecast that Neste OYJ – Unsponsored ADR will post 1.75 earnings per share for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.