Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to Strong-Buy at Citigroup

Citigroup upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

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

Norsk Hydro ASA Trading Up 0.5 %

Norsk Hydro ASA stock traded up $0.03 during trading on Wednesday, reaching $5.83. The company had a trading volume of 141,827 shares, compared to its average volume of 184,915. Norsk Hydro ASA has a 12-month low of $4.95 and a 12-month high of $6.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. The stock's 50 day moving average price is $6.21 and its two-hundred day moving average price is $6.00. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 97.17, a PEG ratio of 0.21 and a beta of 1.52.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its earnings results 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 return on equity of 7.26% and a net margin of 0.69%. The firm had revenue of $4.68 billion for the quarter. As a group, equities analysts expect that Norsk Hydro ASA will post 0.55 earnings per share for the current fiscal 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.