Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – Time to Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares gapped down prior to trading on Friday . The stock had previously closed at $10.24, but opened at $9.44. Norsk Hydro ASA shares last traded at $9.4750, with a volume of 3,386 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NHYDY. Pareto Securities cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

The company has a 50 day moving average price of $9.44 and a 200-day moving average price of $10.25. The company has a market cap of $18.80 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.83 and a beta of 1.03. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. As a group, equities research analysts predict that Norsk Hydro ASA will post 0.91 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norway-based industrial company focused on aluminum and renewable energy. Its operations span the aluminum value chain, including bauxite mining, alumina refining, primary aluminum production, recycling, and the development of extruded aluminum products and solutions. The company supplies aluminum for applications in industries such as automotive, construction, packaging, consumer products and renewable energy.

Hydro also produces and manages renewable power, primarily through hydropower operations in Norway.