Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 12-Month High – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) hit a new 52-week high during trading on Thursday . The company traded as high as $6.75 and last traded at $6.64, with a volume of 73984 shares. The stock had previously closed at $6.70.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NHYDY shares. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research report on Wednesday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Finally, Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Norsk Hydro ASA Price Performance

The stock has a 50 day moving average of $6.26 and a two-hundred day moving average of $5.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.92. The firm has a market capitalization of $13.14 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.32 and a beta of 1.48.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $51.63 billion. Sell-side analysts predict that Norsk Hydro ASA will post 0.72 earnings per share 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.