Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to Hold Rating by Barclays

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

NHYDY has been the subject of several other research reports. Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Pareto Securities lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. Finally, Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Norsk Hydro ASA Trading Down 4.1%

Shares of NHYDY opened at $6.69 on Thursday. The business has a 50-day moving average of $6.61 and a 200 day moving average of $5.94. Norsk Hydro ASA has a fifty-two week low of $4.50 and a fifty-two week high of $7.08. The firm has a market cap of $13.24 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.92.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.23 billion during the quarter, compared to analyst estimates of $51.63 billion. As a group, research analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current 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.