Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Passes Below Fifty Day Moving Average – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.56 and traded as low as $5.51. Norsk Hydro ASA shares last traded at $5.63, with a volume of 87,630 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada raised shares of Norsk Hydro ASA from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 17th. The Goldman Sachs Group lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th.

Norsk Hydro ASA Stock Performance

The company’s fifty day simple moving average is $5.56 and its two-hundred day simple moving average is $5.81. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $57.46 billion. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. Equities research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Norsk Hydro ASA Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.1442 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 2.68%. Norsk Hydro ASA’s dividend payout ratio (DPR) is 31.11%.

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.