Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Here’s Why

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Wednesday . The stock had previously closed at $14.97, but opened at $14.42. Neste OYJ shares last traded at $14.54, with a volume of 8,391 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. UBS Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Neste OYJ currently has a consensus rating of “Moderate Buy”.

Neste OYJ Trading Down 2.6%

The company has a market capitalization of $22.11 billion and a P/E ratio of 130.83. The business has a fifty day moving average price of $14.27 and a 200 day moving average price of $11.96. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.14%.

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.