Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company.
NHYDY has been the topic of several recent research reports. Deutsche Bank cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Goldman Sachs Group raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Norsk Hydro ASA from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 21st. Bank of America lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Friday, August 16th. Finally, ValuEngine lowered shares of Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd.
NHYDY stock traded up $0.08 during trading on Friday, hitting $3.77. 156,961 shares of the stock traded hands, compared to its average volume of 91,885. Norsk Hydro ASA has a 1 year low of $2.93 and a 1 year high of $6.21. The firm’s 50 day moving average is $3.27 and its two-hundred day moving average is $3.77. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.07.
Norsk Hydro ASA Company Profile
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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