Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have weighed in on the stock. Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 28th. 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, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd.

Norsk Hydro ASA Stock Down 6.6%

Shares of OTCMKTS NHYDY opened at $7.11 on Tuesday. The company has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $10.00. The firm has a market cap of $14.07 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. Norsk Hydro ASA has a 1 year low of $6.49 and a 1 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.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.72 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. On average, research analysts forecast that Norsk Hydro ASA will post 0.82 EPS for the current year.

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.