Neste OYJ (OTCMKTS:NTOIY) Sets New 1-Year High - Time to Buy?

Key Points

• Neste OYJ shares reached a new 52-week high of $10.56 during mid-day trading, closing at the same price with a trading volume of 4,265 shares.
• Goldman Sachs downgraded Neste OYJ from a "strong-buy" to a "hold" rating, whereas Zacks Research upgraded the stock to a hold rating, resulting in a consensus rating of "Hold".
• The company specializes in renewable diesel and sustainable aviation fuel, with a market capitalization of $16.26 billion and a PE ratio of 19.75.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.56 and last traded at $10.56, with a volume of 4265 shares changing hands. The stock had previously closed at $9.83.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Neste OYJ from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. Zacks Research raised shares of Neste OYJ to a "hold" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Neste OYJ has a consensus rating of "Hold".

Neste OYJ Price Performance

The company's 50 day moving average price is $9.47 and its two-hundred day moving average price is $7.28. The stock has a market capitalization of $16.26 billion and a PE ratio of 19.75.

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.

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