Neste OYJ (OTCMKTS:NTOIY) Stock Falls 4.2% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares were down 4.2% during trading on Tuesday. The company traded as low as $17.1450 and last traded at $17.1450. 3,721 shares changed hands during trading, a decline of 93% from the average session volume of 52,153 shares. The stock had previously closed at $17.90.

Analyst Ratings Changes

NTOIY has been the subject of a number of research reports. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Neste OYJ has a consensus rating of “Strong Buy”.

Neste OYJ Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock’s 50 day simple moving average is $18.57 and its two-hundred day simple moving average is $17.10. The firm has a market capitalization of $26.50 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 0.17 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. On average, sell-side analysts forecast that Neste OYJ – Unsponsored ADR will post 1.90 EPS for the current year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.