Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.04, but opened at $8.61. Norsk Hydro ASA shares last traded at $8.76, with a volume of 43,963 shares changing hands.

Analyst Ratings Changes

NHYDY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research note on Tuesday, June 2nd. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a report on Friday, March 20th. UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Morgan Stanley reiterated an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Finally, The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

The firm’s fifty day moving average is $11.26 and its 200-day moving average is $9.89. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $17.23 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.03.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. As a group, research analysts anticipate that Norsk Hydro ASA will post 1.19 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.