Neste OYJ (OTCMKTS:NTOIY) Shares Down 5.1% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) fell 5.1% during mid-day trading on Friday. The stock traded as low as $17.76 and last traded at $17.76. Approximately 10,020 shares were traded during mid-day trading, a decline of 81% from the average session volume of 52,943 shares. The stock had previously closed at $18.72.

Analyst Ratings Changes

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

Neste OYJ Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The stock has a fifty day moving average of $18.29 and a 200 day moving average of $16.95. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.19 and a beta of -0.81.

Neste OYJ (OTCMKTS:NTOIY) last announced 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. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. On average, analysts expect that Neste OYJ – Unsponsored ADR will post 1.73 EPS for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.