Neste OYJ (OTCMKTS:NTOIY) Reaches New 12-Month High – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.05 and last traded at $18.98, with a volume of 64922 shares trading hands. The stock had previously closed at $18.51.

Analysts Set New Price Targets

A number of equities analysts have commented on NTOIY shares. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Neste OYJ Trading Up 2.5%

The firm’s fifty day simple moving average is $16.42 and its 200 day simple moving average is $14.80. The stock has a market capitalization of $29.16 billion and a P/E ratio of 35.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. As a group, equities research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.37 EPS for the current fiscal year.

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.