Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 1-Year High – Still a Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $11.82 and last traded at $11.82, with a volume of 45843 shares traded. The stock had previously closed at $11.40.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Citigroup raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Up 3.6%

The company’s 50-day moving average is $10.22 and its 200 day moving average is $8.66. The company has a market capitalization of $23.37 billion, a PE ratio of 37.85, a P/E/G ratio of 0.74 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 quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. As a group, analysts anticipate that Norsk Hydro ASA will post 1.19 EPS for the current year.

About Norsk Hydro ASA

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.