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Neste OYJ (OTCMKTS:NTOIY) Trading 3.2% Higher - Time to Buy?

Neste OYJ logo with Energy background

Key Points

  • Neste OYJ shares rose 3.2% to $10.14 during mid-day trading, despite a 40% drop in trading volume from the average.
  • Recent analyst ratings show a downgrade from Goldman Sachs to "hold," while Zacks Research upgraded the stock to "hold," reflecting mixed market sentiment.
  • The company, which focuses on renewable diesel and sustainable aviation fuel, has a market capitalization of $15.58 billion and a PE ratio of 18.93.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) traded up 3.2% during mid-day trading on Thursday . The company traded as high as $10.18 and last traded at $10.14. 16,595 shares traded hands during trading, a decline of 40% from the average session volume of 27,581 shares. The stock had previously closed at $9.83.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Neste OYJ

Neste OYJ Stock Performance

The firm has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $7.28. The company has a market capitalization of $15.58 billion and a PE ratio of 18.93.

Neste OYJ Company Profile

(Get Free Report)

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.

See Also

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