Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Pass Above 50 Day Moving Average - Time to Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.83 and traded as high as $6.50. Norsk Hydro ASA shares last traded at $6.47, with a volume of 51,633 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NHYDY shares. Royal Bank of Canada lowered Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Citigroup upgraded Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th.

Norsk Hydro ASA Price Performance

The business has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $5.94. The firm has a market cap of $12.84 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last announced its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. On average, analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

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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.