Neste OYJ (OTCMKTS:NTOIY) Reaches New 52-Week High - Still a Buy?

Key Points

• Neste OYJ shares reached a new 52-week high of $10.15, up from a previous close of $9.95, with a trading volume of 2,388 shares.
• Zacks Research has upgraded Neste OYJ to a "hold" rating, aligning with the stock's current consensus rating.
• The company specializes in renewable diesel and sustainable aviation fuel, operating in multiple international markets with a market capitalization of $15.53 billion.

Shares of Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $10.15 and last traded at $10.15, with a volume of 2388 shares trading hands. The stock had previously closed at $9.95.

Analyst Ratings Changes

A number of analysts recently weighed in on NTOIY shares. Zacks Research upgraded Neste OYJ to a "hold" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group downgraded Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Neste OYJ Price Performance

The stock has a market cap of $14.44 billion and a PE ratio of 17.54. The business has a fifty day moving average of $8.71 and a 200 day moving average of $6.48.

Neste OYJ Company Profile

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.