Neste OYJ (OTCMKTS:NTOIY) Sets New 52-Week High – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $19.05 and last traded at $18.98, with a volume of 64922 shares changing hands. The stock had previously closed at $18.51.

Analyst Ratings Changes

NTOIY has been the topic of a number of analyst reports. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Price Performance

The company’s 50-day moving average is $16.50 and its 200-day moving average is $14.91. The firm has a market cap of $29.08 billion and a price-to-earnings ratio of 35.05. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last announced 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 net margin of 3.78% and a return on equity of 10.12%. The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Equities research analysts predict that Neste OYJ – Unsponsored ADR will post 1.37 earnings per share for the current 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.