Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results, Hits Expectations

Norsk Hydro ASA (OTCMKTS:NHYDY) posted its quarterly earnings results on Friday. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24, Zacks reports. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%.

Norsk Hydro ASA Price Performance

NHYDY stock traded down $0.39 during midday trading on Friday, reaching $7.22. 69,796 shares of the company’s stock traded hands, compared to its average volume of 257,418. The company has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $10.02. Norsk Hydro ASA has a 1-year low of $6.49 and a 1-year high of $13.02. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.48 and a beta of 1.10. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of several analyst reports. Zacks Research upgraded Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Danske upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.