Neste OYJ (OTCMKTS:NTOIY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Shares of Neste OYJ (OTCMKTS:NTOIY) experienced a strong trading volume increase of 9% on Thursday, with 109,853 shares changing hands.
• The stock saw a decline of 3.2%, closing at $9.77 after previously closing at $9.93.
• Zacks Research upgraded the stock to a "hold" rating, contributing to a consensus rating of "Hold" by analysts.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 109,853 shares traded hands during trading, an increase of 9% from the previous session's volume of 100,449 shares.The stock last traded at $9.77 and had previously closed at $9.93.

Wall Street Analyst Weigh In

NTOIY has been the subject of several research analyst reports. The Goldman Sachs Group lowered Neste OYJ from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Zacks Research upgraded Neste OYJ to a "hold" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Neste OYJ has a consensus rating of "Hold".

Neste OYJ Stock Performance

The company has a market capitalization of $14.54 billion and a price-to-earnings ratio of 17.66. The company has a 50 day moving average price of $8.71 and a 200 day moving average price of $6.51.

About Neste OYJ

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.