Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to Strong Sell Rating by Kepler Capital Markets

Kepler Capital Markets lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

NHYDY has been the topic of a number of other reports. Danske upgraded Norsk Hydro ASA to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Royal Bank Of Canada lowered shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Norsk Hydro ASA Stock Down 5.7%

Shares of NHYDY stock opened at $8.58 on Monday. The stock has a 50 day moving average of $8.38 and a 200-day moving average of $7.36. The firm has a market cap of $16.97 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $9.75.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.82 billion. On average, equities analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.

Norsk Hydro ASA Company Profile

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.