Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Should You Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw strong trading volume on Tuesday . 34,113 shares traded hands during trading, an increase of 159% from the previous session’s volume of 13,187 shares.The stock last traded at $11.86 and had previously closed at $11.76.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NTOIY. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. BNP Paribas upgraded Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Neste OYJ Price Performance

The stock’s 50-day moving average is $10.63 and its 200 day moving average is $9.50.

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.