Neste OYJ (OTCMKTS:NTOIY) Shares Down 4.5% - Time to Sell?

Key Points

• Neste OYJ shares fell 4.5%, trading as low as $9.38, with significantly reduced trading volume at 4,617 shares compared to an average of 98,498.
• Analysts have downgraded Neste OYJ from a "strong-buy" to a "hold" rating, resulting in an average rating of "Hold" across several brokerages.
• The company operates in four segments, including Renewable Products, which focuses on producing and selling renewable diesel and sustainable aviation fuel.

Shares of Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) fell 4.5% during trading on Friday . The stock traded as low as $9.38 and last traded at $9.46. 4,617 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 98,498 shares. The stock had previously closed at $9.90.

Analysts Set New Price Targets

Several brokerages have recently commented on NTOIY. Zacks Research upgraded shares of Neste OYJ to a "hold" rating in a report on Tuesday, August 12th. The Goldman Sachs Group lowered shares of Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Neste OYJ Price Performance

The business's 50-day moving average price is $8.91 and its two-hundred day moving average price is $6.62. The firm has a market cap of $14.45 billion and a price-to-earnings ratio of 17.55.

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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