Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Rating of “Hold” by Brokerages

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on NHYDY. Zacks Research lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Danske downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th.

Norsk Hydro ASA Price Performance

Norsk Hydro ASA stock opened at $9.72 on Thursday. 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 company has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $10.12. The stock has a market cap of $19.23 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02. Norsk Hydro ASA has a 12-month low of $6.20 and a 12-month high of $13.02.

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