Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – Should You Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY) gapped down prior to trading on Monday . The stock had previously closed at $11.5975, but opened at $10.86. Norsk Hydro ASA shares last traded at $10.82, with a volume of 30,472 shares changing hands.

Wall Street Analyst Weigh In

NHYDY has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Pareto Securities cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Norsk Hydro ASA has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 6.6%

The company’s fifty day moving average is $11.62 and its two-hundred day moving average is $9.66. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 0.77 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued 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. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. 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.