Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. The Goldman Sachs Group raised Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Norsk Hydro ASA has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of NHYDY opened at $8.84 on Tuesday. The company has a market capitalization of $17.49 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. Norsk Hydro ASA has a one year low of $5.92 and a one year high of $13.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. The company’s fifty day moving average price is $10.24 and its 200 day moving average price is $10.04.

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