Neste OYJ (OTCMKTS:NTOIY) Shares Up 5.9% – Still a Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) rose 5.9% during mid-day trading on Monday . The stock traded as high as $12.9450 and last traded at $12.9350. Approximately 2,695 shares were traded during trading, a decline of 84% from the average daily volume of 16,486 shares. The stock had previously closed at $12.22.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 26th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, BNP Paribas Exane raised shares of Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Neste OYJ Stock Up 6.8%

The firm’s 50 day moving average is $10.92 and its 200 day moving average is $9.81.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.