Neste OYJ (OTCMKTS:NTOIY) Share Price Passes Below 50 Day Moving Average – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.91 and traded as low as $9.79. Neste OYJ shares last traded at $9.83, with a volume of 17,669 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Zacks Research raised shares of Neste OYJ to a “hold” rating in a report on Tuesday, August 12th. Finally, BNP Paribas upgraded shares of Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Neste OYJ Price Performance

The firm has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $8.12.

About Neste OYJ

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.