Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 1-Year High – Here’s What Happened

Norsk Hydro ASA (OTCMKTS:NHYDY) hit a new 52-week high during trading on Thursday . The company traded as high as $11.85 and last traded at $11.85, with a volume of 8697 shares trading hands. The stock had previously closed at $11.58.

Analyst Ratings Changes

A number of brokerages have commented on NHYDY. Deutsche Bank Aktiengesellschaft downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Zacks Research upgraded Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Citigroup downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Norsk Hydro ASA currently has an average rating of “Hold”.

Norsk Hydro ASA Stock Performance

The firm has a 50 day moving average of $10.85 and a two-hundred day moving average of $9.10. The stock has a market cap of $23.80 billion, a P/E ratio of 38.56, a P/E/G ratio of 0.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. On average, research analysts predict that Norsk Hydro ASA will post 1.19 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.