Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 12-Month Low - Here's Why

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $4.82 and last traded at $4.97, with a volume of 1022693 shares trading hands. The stock had previously closed at $5.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada downgraded shares of Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday.

Norsk Hydro ASA Trading Up 3.6 %

The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.26 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The business's 50-day moving average price is $5.90 and its two-hundred day moving average price is $5.97.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.18). Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. The firm had revenue of $5.16 billion for the quarter. Research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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.