Neste OYJ (OTCMKTS:NTOIY) Sees Unusually-High Trading Volume – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw an uptick in trading volume on Tuesday . 105,967 shares traded hands during mid-day trading, an increase of 97% from the previous session’s volume of 53,820 shares.The stock last traded at $17.30 and had previously closed at $17.66.

Analysts Set New Price Targets

A number of research firms have commented on NTOIY. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The firm has a 50-day moving average of $14.99 and a two-hundred day moving average of $12.45. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $26.49 billion and a PE ratio of 31.93.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The company had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. Research analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.15 EPS for the current 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.