Norsk Hydro ASA (OTCMKTS:NHYDY) Trading Down 4.5% - Here's What Happened

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) traded down 4.5% during trading on Friday . The company traded as low as $5.98 and last traded at $6.01. 80,607 shares were traded during trading, a decline of 57% from the average session volume of 186,409 shares. The stock had previously closed at $6.29.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Norsk Hydro ASA to a "strong-buy" rating in a research note on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

The company has a market cap of $12.07 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.22 and a beta of 1.52. The company's 50-day simple moving average is $6.25 and its 200-day simple moving average is $6.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. The company had revenue of $4.68 billion during the quarter. On average, equities research analysts anticipate that Norsk Hydro ASA will post 0.55 EPS 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.