Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Lowered to Hold at Wall Street Zen

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also commented on NHYDY. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday. Citigroup raised Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Monday, February 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Norsk Hydro ASA has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock traded up $0.09 during trading hours on Friday, reaching $9.27. The company had a trading volume of 774,437 shares, compared to its average volume of 235,734. The business has a fifty day simple moving average of $8.59 and a 200 day simple moving average of $7.48. The firm has a market cap of $18.34 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.25. Norsk Hydro ASA has a one year low of $4.50 and a one year high of $9.75.

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