Neste Oyj (OTCMKTS:NTOIY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Neste Oyj (OTCMKTS:NTOIY)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.62 and traded as low as $7.67. Neste Oyj shares last traded at $7.87, with a volume of 143,853 shares changing hands.

Neste Oyj Trading Up 2.1 %

The business has a fifty day simple moving average of $9.62 and a 200 day simple moving average of $10.28.

Neste Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 2nd were given a $0.3348 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This is a positive change from Neste Oyj’s previous dividend of $0.33. Neste Oyj’s dividend payout ratio is 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.