Neste Oyj (OTCMKTS:NTOIF) Trading Up 6.5% – Still a Buy?

Neste Oyj (OTCMKTS:NTOIF)’s share price rose 6.5% during mid-day trading on Thursday . The stock traded as high as $24.30 and last traded at $24.30. Approximately 335 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,893 shares. The stock had previously closed at $22.8250.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Neste Oyj from a “hold” rating to a “buy” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Neste Oyj currently has a consensus rating of “Buy”.

Neste Oyj Price Performance

The business has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $18.70.

Neste Oyj Company Profile

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.