Neste OYJ (OTCMKTS:NTOIY) Trading Down 4.5% – Time to Sell?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) were down 4.5% during mid-day trading on Friday . The company traded as low as $9.38 and last traded at $9.46. Approximately 4,617 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 98,498 shares. The stock had previously closed at $9.90.

Analysts Set New Price Targets

A number of research firms have recently commented on NTOIY. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Zacks Research upgraded shares of Neste OYJ to a “hold” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Neste OYJ Stock Down 5.0%

The company’s 50-day simple moving average is $8.94 and its 200 day simple moving average is $6.66. The firm has a market capitalization of $14.45 billion and a PE ratio of 17.55.

About Neste OYJ

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.