Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Should You Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped down before the market opened on Monday . The stock had previously closed at $17.09, but opened at $15.40. Neste OYJ shares last traded at $16.00, with a volume of 20,091 shares trading hands.

Analysts Set New Price Targets

NTOIY has been the subject of several recent research reports. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Berenberg Bank raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Neste OYJ Price Performance

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’s 50 day moving average price is $13.32 and its two-hundred day moving average price is $11.35. The firm has a market capitalization of $25.43 billion and a price-to-earnings ratio of 150.47.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.14%.

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.