Neste OYJ (OTCMKTS:NTOIY) Trading Up 8.2% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price rose 8.2% on Thursday . The company traded as high as $14.28 and last traded at $14.1405. Approximately 23,575 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 45,844 shares. The stock had previously closed at $13.07.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. UBS Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Neste OYJ Trading Up 2.0%

The company’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $10.77.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

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.