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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped up prior to trading on Monday . The stock had previously closed at $18.34, but opened at $19.09. Neste OYJ shares last traded at $18.6350, with a volume of 1,413 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Neste OYJ Trading Up 3.1%

The business’s 50-day simple moving average is $17.18 and its two-hundred day simple moving average is $15.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The stock has a market capitalization of $28.53 billion and a price-to-earnings ratio of 16.20.

Neste OYJ (OTCMKTS:NTOIY) last released 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. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. On average, research analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current fiscal 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.