Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) posted its quarterly earnings data on Friday. The industrial products company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24, Zacks reports. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%.

Norsk Hydro ASA Trading Down 5.1%

Shares of NHYDY stock traded down $0.39 on Friday, reaching $7.22. 69,796 shares of the stock were exchanged, compared to its average volume of 257,418. The stock has a market cap of $14.28 billion, a PE ratio of 13.83, a P/E/G ratio of 1.48 and a beta of 1.10. Norsk Hydro ASA has a one year low of $6.49 and a one year high of $13.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.21. The stock has a 50 day moving average price of $9.08 and a 200 day moving average price of $10.02.

Analyst Ratings Changes

A number of equities analysts have weighed in on NHYDY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Finally, Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Norsk Hydro ASA currently has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.