Norsk Hydro ASA (OTCMKTS:NHYDY) Share Price Crosses Below 50-Day Moving Average of $6.21

Norsk Hydro ASA (OTCMKTS:NHYDY)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.21 and traded as low as $5.47. Norsk Hydro ASA shares last traded at $5.52, with a volume of 391,175 shares.

Analysts Set New Price Targets

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 Trading Up 2.8 %

The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.18 and a beta of 1.55. The business has a 50 day moving average price of $6.21 and a 200-day moving average price of $5.99.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%. The business had revenue of $4.88 billion during the quarter. As a group, research analysts expect that Norsk Hydro ASA will post 0.57 EPS for the current fiscal year.

About Norsk Hydro ASA

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.