Neste Oyj (OTCMKTS:NTOIY) Share Price Passes Below 50 Day Moving Average of $14.62

Neste Oyj (OTCMKTS:NTOIY) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.62 and traded as low as $13.40. Neste Oyj shares last traded at $13.51, with a volume of 57,601 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Cowen decreased their price target on Neste Oyj from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Neste Oyj currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Neste Oyj Stock Up 1.2 %

The company has a fifty day moving average of $14.62 and a 200 day moving average of $16.55.

Neste Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.3261 per share. The ex-dividend date of this dividend is Monday, April 1st. This is a positive change from Neste Oyj’s previous dividend of $0.27. Neste Oyj’s dividend payout ratio is presently 45.88%.

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.