Shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.10 and traded as low as $5.40. Norsk Hydro ASA shares last traded at $5.51, with a volume of 74,411 shares changing hands.
Analysts Set New Price Targets
Several analysts recently commented on NHYDY shares. Barclays raised Norsk Hydro ASA to a "strong-buy" rating in a research note on Wednesday, October 16th. Citigroup raised shares of Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th.
Check Out Our Latest Analysis on Norsk Hydro ASA
Norsk Hydro ASA Price Performance
The company's fifty day moving average is $6.08 and its two-hundred day moving average is $5.94. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 92.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.52.
Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its 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. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. The firm had revenue of $4.68 billion for the quarter. Equities research analysts anticipate that Norsk Hydro ASA will post 0.55 earnings per share for the current fiscal year.
Norsk Hydro ASA Company Profile
(
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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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