Neste Oyj (OTCMKTS:NTOIY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Neste Oyj (OTCMKTS:NTOIY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.62 and traded as low as $5.17. Neste Oyj shares last traded at $5.17, with a volume of 49,620 shares trading hands.

Neste Oyj Stock Down 2.0 %

The firm has a 50 day moving average price of $5.62 and a 200-day moving average price of $7.10.

Neste Oyj Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.1049 per share. The ex-dividend date is Thursday, March 27th. 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.