Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Should You Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped down before the market opened on Friday . The stock had previously closed at $16.7740, but opened at $16.11. Neste OYJ shares last traded at $15.98, with a volume of 16,908 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. 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 upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Neste OYJ Stock Down 4.4%

The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $16.02 and its 200-day simple moving average is $13.72. The stock has a market capitalization of $24.65 billion and a price-to-earnings ratio of 29.70.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (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 firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. Equities analysts expect that Neste OYJ – Unsponsored ADR will post 1.39 earnings per share for the current fiscal 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.