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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIYGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $18.34, but opened at $19.09. Neste OYJ shares last traded at $18.6350, with a volume of 1,413 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

View Our Latest Analysis on NTOIY

Neste OYJ Trading Up 2.1%

The stock has a 50 day simple moving average of $17.32 and a 200-day simple moving average of $16.04. The firm has a market capitalization of $29.15 billion and a P/E ratio of 16.55. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIYGet Free Report) last announced its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. On average, equities research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.62 EPS for the current fiscal year.

About Neste OYJ

(Get Free Report)

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.

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