Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Quarterly Earnings Results, Meets Expectations

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 analysts’ consensus estimates 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 Price Performance

Shares of Norsk Hydro ASA stock traded down $0.39 during trading on Friday, reaching $7.22. The company’s stock had a trading volume of 72,399 shares, compared to its average volume of 257,421. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 12-month low of $6.49 and a 12-month high of $13.02. The company has a market capitalization of $14.28 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. The business has a 50 day moving average price of $9.08 and a 200-day moving average price of $10.02.

Analyst Ratings Changes

NHYDY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Finally, Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Norsk Hydro ASA has a consensus 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.