Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) issued its earnings results on Tuesday. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05), Yahoo Finance reports. The firm had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.18% and a net margin of 1.67%.

Norsk Hydro ASA Stock Down 5.4 %

Shares of NHYDY traded down $0.32 during mid-day trading on Wednesday, hitting $5.58. 193,786 shares of the company’s stock were exchanged, compared to its average volume of 145,554. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. Norsk Hydro ASA has a twelve month low of $5.08 and a twelve month high of $6.98. The firm has a fifty day moving average of $6.31 and a two-hundred day moving average of $6.02. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 0.19 and a beta of 1.55.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, June 12th.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.