Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 170,200 shares, a growth of 182.7% from the March 31st total of 60,200 shares. Based on an average daily volume of 510,000 shares, the days-to-cover ratio is presently 0.3 days.
Norsk Hydro ASA Trading Up 1.8 %
OTCMKTS:NHYDY traded up $0.11 on Friday, reaching $6.37. 112,145 shares of the stock traded hands, compared to its average volume of 230,566. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 44.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The company’s 50 day moving average is $5.75 and its 200-day moving average is $5.84. The company has a current ratio of 1.82, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 1-year low of $5.08 and a 1-year high of $7.72.
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $4.52 billion during the quarter. Norsk Hydro ASA had a net margin of 1.67% and a return on equity of 6.23%. Equities research analysts anticipate that Norsk Hydro ASA will post 0.42 EPS for the current fiscal year.
Norsk Hydro ASA Cuts Dividend
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.
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