Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to Hold Rating by Barclays

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Pareto Securities lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research report on Friday, September 26th. Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a research report on Wednesday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $6.69 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.92 and a debt-to-equity ratio of 0.28. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $7.08. The stock’s 50 day moving average is $6.61 and its 200-day moving average is $5.94. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.32 and a beta of 1.44.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%.The company had revenue of $5.23 billion for the quarter, compared to analyst estimates of $51.63 billion. Sell-side analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

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.