Neste Oyj (OTCMKTS:NTOIY) Shares Cross Below 50-Day Moving Average of $12.37

Neste Oyj (OTCMKTS:NTOIYGet Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.37 and traded as low as $10.11. Neste Oyj shares last traded at $10.21, with a volume of 85,846 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their target price on Neste Oyj from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Read Our Latest Analysis on NTOIY

Neste Oyj Price Performance

The business has a 50-day moving average of $12.37 and a 200-day moving average of $15.05.

Neste Oyj Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.3261 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Neste Oyj’s previous dividend of $0.27. Neste Oyj’s dividend payout ratio is currently 45.88%.

Neste Oyj Company Profile

(Get Free Report)

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.

Further Reading

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