Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to Strong-Buy by Barclays

Barclays upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY - Free Report) to a strong-buy rating in a research note released on Wednesday morning, Zacks.com reports.

Norsk Hydro ASA Stock Performance

Norsk Hydro ASA stock traded up $0.02 during midday trading on Wednesday, hitting $6.26. The stock had a trading volume of 43,244 shares, compared to its average volume of 198,302. The firm's fifty day moving average is $5.79 and its two-hundred day moving average is $6.04. The company has a market capitalization of $12.58 billion, a PE ratio of 44.57, a P/E/G ratio of 0.23 and a beta of 1.53. Norsk Hydro ASA has a 52-week low of $4.95 and a 52-week high of $6.98. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. On average, research analysts forecast that Norsk Hydro ASA will post 0.51 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.