Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Should You Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Neste OYJ presently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The stock’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $15.95. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $28.53 billion and a PE ratio of 16.20.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. On average, research analysts predict that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current fiscal 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.