Neste OYJ (OTCMKTS:NTOIY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.91 and traded as low as $9.79. Neste OYJ shares last traded at $9.83, with a volume of 17,669 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BNP Paribas raised Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Neste OYJ to a “hold” rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Neste OYJ Price Performance

The company has a 50-day moving average of $9.91 and a 200-day moving average of $8.17.

Neste OYJ Company Profile

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.