Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down - Here's Why

Key Points

• Neste OYJ shares gapped down from a previous close of $9.40 to open at $9.03, with the last trade at $9.04.
• The company has an average analyst rating of "Hold" following a downgrade by Goldman Sachs from "strong-buy".
• Neste OYJ operates in the renewable energy sector, providing sustainable diesel and aviation fuel, and has a market capitalization of $14.09 billion.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.40, but opened at $9.03. Neste OYJ shares last traded at $9.04, with a volume of 7,111 shares traded.

Analyst Ratings Changes

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

Neste OYJ Stock Down 2.4%

The firm has a market capitalization of $14.09 billion and a PE ratio of 17.12. The stock has a 50-day simple moving average of $8.98 and a 200-day simple moving average of $6.71.

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.

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