Neste Oyj (OTCMKTS:NTOIY) Stock Price Crosses Below 50-Day Moving Average of $11.86

Shares of Neste Oyj (OTCMKTS:NTOIY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.86 and traded as low as $9.63. Neste Oyj shares last traded at $9.64, with a volume of 78,216 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their target price on shares of Neste Oyj from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, March 14th.

Neste Oyj Trading Down 1.5 %

The firm has a fifty day moving average price of $11.76 and a 200 day moving average price of $14.61.

Neste Oyj Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.3261 per share. The ex-dividend date was Monday, April 1st. This is a positive change from Neste Oyj’s previous dividend of $0.27. Neste Oyj’s dividend payout ratio is currently 45.88%.

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.