Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NHYDY shares. Wall Street Zen lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Barclays downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. BNP Paribas Exane upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Friday, December 5th. BNP Paribas upgraded Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Norsk Hydro ASA currently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

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

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly 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 analysts’ expectations of $47.19 billion. As a group, sell-side analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

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.