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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Monday. The stock had previously closed at $18.48, but opened at $17.8901. Neste OYJ shares last traded at $17.8150, with a volume of 18,939 shares.

Analyst Upgrades and Downgrades

NTOIY has been the topic of several analyst reports. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Neste OYJ Trading Down 3.5%

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 company has a market cap of $27.40 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.17 and a beta of -0.82. The company’s 50 day simple moving average is $18.55 and its two-hundred day simple moving average is $17.09.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share 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 business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. As a group, sell-side analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.90 EPS for the current fiscal year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.