Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase – Time to Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw unusually-high trading volume on Thursday . 39,293 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 55,650 shares.The stock last traded at $15.19 and had previously closed at $15.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Neste OYJ has a consensus rating of “Buy”.

Neste OYJ Price Performance

The firm’s 50 day moving average is $16.03 and its 200 day moving average is $14.08. The firm has a market cap of $23.72 billion and a P/E ratio of 28.58. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. As a group, analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.39 earnings per share 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.