Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Lowered to Strong Sell at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

NHYDY has been the topic of a number of other reports. Morgan Stanley reiterated an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Pareto Securities downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Finally, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Norsk Hydro ASA currently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Up 0.6%

NHYDY stock opened at $8.84 on Tuesday. The stock’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $10.04. The company has a market cap of $17.49 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. Norsk Hydro ASA has a fifty-two week low of $5.92 and a fifty-two week high of $13.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Norsk Hydro ASA had a return on equity of 12.01% and a net margin of 4.90%. On average, research analysts expect that Norsk Hydro ASA will post 0.9 earnings per share for the current fiscal 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.