Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down prior to trading on Friday . The stock had previously closed at $18.96, but opened at $17.06. Neste OYJ shares last traded at $17.2050, with a volume of 6,468 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three 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’s stock. According to data from MarketBeat.com, Neste OYJ has an average rating of “Buy”.

Neste OYJ Stock Performance

The firm has a fifty day moving average of $16.57 and a 200 day moving average of $14.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock has a market capitalization of $27.12 billion and a price-to-earnings ratio of 15.35.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings results 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. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. On average, sell-side analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.37 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.