Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Earnings Results, Hits Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) announced its earnings results on Thursday. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14, Zacks reports. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. The business had revenue of $4.68 billion for the quarter.

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY traded up $0.02 during trading on Friday, hitting $6.17. 36,513 shares of the company's stock were exchanged, compared to its average volume of 195,155. The company has a market cap of $12.40 billion, a PE ratio of 44.07, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average price is $5.88 and its two-hundred day moving average price is $6.05. Norsk Hydro ASA has a fifty-two week low of $4.95 and a fifty-two week high of $6.98.

Analyst Upgrades and Downgrades

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

About Norsk Hydro ASA

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.