Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – Here’s What Happened

Norsk Hydro ASA (OTCMKTS:NHYDY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.66, but opened at $7.38. Norsk Hydro ASA shares last traded at $7.61, with a volume of 24,569 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NHYDY. BNP Paribas raised shares of Norsk Hydro ASA to an “outperform” rating in a research note on Friday, December 5th. Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Finally, Danske upgraded Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 0.3%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91. The firm has a market capitalization of $15.12 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19. The firm has a 50 day moving average price of $7.09 and a two-hundred day moving average price of $6.52.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Friday, October 24th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $47.19 billion. On average, equities research analysts expect 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.