Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Lowered to Strong Sell at Zacks Research

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. UBS Group cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

NHYDY stock opened at $8.84 on Tuesday. The stock has a market cap of $17.49 billion, a PE ratio of 16.93, a P/E/G ratio of 1.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. Norsk Hydro ASA has a one year low of $5.92 and a one year high of $13.02. The firm has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $10.04.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Norsk Hydro ASA had a return on equity of 12.01% and a net margin of 4.90%.The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.74 billion. On average, analysts predict that Norsk Hydro ASA will post 0.9 EPS for the current fiscal 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.