Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up - Time to Buy?

Key Points

• Neste OYJ's stock price increased from $9.44 to $9.89, with a last traded price of $9.94, indicating a potential buying opportunity.
• The company has received mixed analyst ratings, with Zacks upgrading the stock to a "hold" and Goldman Sachs downgrading it from "strong-buy" to "hold."
• Neste OYJ focuses on producing renewable diesel and sustainable aviation fuel, and operates across multiple international markets.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.44, but opened at $9.89. Neste OYJ shares last traded at $9.94, with a volume of 52,627 shares traded.

Analyst Ratings Changes

NTOIY has been the topic of a number of recent research reports. Zacks Research raised shares of Neste OYJ to a "hold" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group cut 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, the stock has a consensus rating of "Hold".

Neste OYJ Trading Up 4.9%

The company's 50 day moving average price is $9.41 and its two-hundred day moving average price is $7.22. The stock has a market cap of $15.21 billion and a P/E ratio of 18.48.

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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