Neste OYJ (OTCMKTS:NTOIY) Stock Price Up 4.9% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price was up 4.9% during trading on Tuesday . The company traded as high as $19.10 and last traded at $19.10. Approximately 11,633 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 53,590 shares. The stock had previously closed at $18.21.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTOIY shares. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Neste OYJ Trading Up 6.0%

The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $29.65 billion and a PE ratio of 16.84. The stock’s fifty day simple moving average is $17.89 and its 200 day simple moving average is $16.45.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. On average, sell-side analysts predict that Neste OYJ – Unsponsored ADR will post 1.73 earnings per share for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.