Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Time to Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.97, but opened at $18.3782. Neste OYJ shares last traded at $18.62, with a volume of 7,866 shares traded.

Wall Street Analyst Weigh In

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 issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Neste OYJ Trading Down 2.2%

The stock has a market capitalization of $28.52 billion and a P/E ratio of 16.20. The firm’s 50 day moving average price is $17.32 and its 200 day moving average price is $16.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81.

Neste OYJ (OTCMKTS:NTOIY) last posted its 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. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. As a group, equities research analysts expect that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share 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.