Neste OYJ (OTCMKTS:NTOIY) Hits New 1-Year High – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.6080 and last traded at $11.6080, with a volume of 698 shares changing hands. The stock had previously closed at $11.24.

Analyst Ratings Changes

NTOIY has been the topic of several recent analyst reports. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 26th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. BNP Paribas upgraded Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Neste OYJ Price Performance

The business’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $9.14.

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.