Royal Bank of Canada cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Free Report) from a moderate buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.
Other research analysts have also recently issued reports about the company. Citigroup upgraded Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Barclays raised Norsk Hydro ASA to a "strong-buy" rating in a report on Wednesday, October 16th.
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Norsk Hydro ASA Stock Down 1.7 %
Shares of NHYDY traded down $0.10 during midday trading on Tuesday, hitting $5.84. 75,822 shares of the company's stock traded hands, compared to its average volume of 134,682. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 97.33, a price-to-earnings-growth ratio of 0.16 and a beta of 1.54. Norsk Hydro ASA has a 1 year low of $4.95 and a 1 year high of $6.98. The firm's fifty day moving average is $5.87 and its 200-day moving average is $5.86.
Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. As a group, sell-side analysts anticipate that Norsk Hydro ASA will post 0.52 earnings per share for the current year.
About Norsk Hydro ASA
(
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Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.
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