Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rated “Hold” by Wall Street Analysts

Norsk Hydro ASA (OTCMKTS:NHYDY) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research firms recently commented on NHYDY. Zacks Research raised Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Danske raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd.

Norsk Hydro ASA Stock Performance

Shares of NHYDY opened at $7.24 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $9.73. Norsk Hydro ASA has a 12 month low of $6.49 and a 12 month high of $13.02. The stock has a market capitalization of $14.32 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.72 billion. Norsk Hydro ASA had a return on equity of 13.82% and a net margin of 6.41%. As a group, analysts predict that Norsk Hydro ASA will post 0.82 EPS for the current year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.