Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09, Yahoo Finance reports. Norsk Hydro ASA had a return on equity of 7.63% and a net margin of 1.84%. The business had revenue of $4.52 billion for the quarter.

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY traded down $0.05 during trading hours on Thursday, reaching $6.22. 127,951 shares of the stock traded hands, compared to its average volume of 231,556. The stock has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $5.83. Norsk Hydro ASA has a 1 year low of $5.08 and a 1 year high of $7.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.82 and a quick ratio of 1.24. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60.

Norsk Hydro ASA Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be given a dividend of $0.2354 per share. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is 256.27%.

About Norsk Hydro ASA

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.