Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw unusually-strong trading volume on Thursday . Approximately 39,293 shares were traded during trading, a decline of 29% from the previous session’s volume of 55,650 shares.The stock last traded at $15.19 and had previously closed at $15.34.

Analyst Upgrades and Downgrades

Several analysts have commented on NTOIY shares. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Neste OYJ Stock Up 0.2%

The stock’s 50 day simple moving average is $16.07 and its two-hundred day simple moving average is $14.12. The firm has a market cap of $23.80 billion and a P/E ratio of 28.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.84 billion. As a group, research analysts forecast that Neste OYJ – Unsponsored ADR will post 1.39 earnings per share for the current year.

About Neste OYJ

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.