Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down - Should You Sell?

Key Points

• Neste OYJ (OTCMKTS:NTOIY) shares gapped down from a previous close of $8.54 to open at $8.31, with a current trading volume of 297 shares.
• Zacks Research upgraded Neste OYJ's rating to "hold," indicating a cautious outlook on the stock.
• The company focuses on renewable products, including renewable diesel and sustainable aviation fuel, with a market capitalization of $12.80 billion.

Shares of Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.54, but opened at $8.31. Neste OYJ shares last traded at $8.31, with a volume of 297 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Neste OYJ to a "hold" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Neste OYJ currently has a consensus rating of "Hold".

Neste OYJ Price Performance

The company's fifty day simple moving average is $7.61 and its 200-day simple moving average is $5.87. The firm has a market capitalization of $14.21 billion and a PE ratio of 17.27.

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.