Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 1-Year High – Here’s What Happened

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) reached a new 52-week high on Wednesday . The company traded as high as $7.66 and last traded at $7.6350, with a volume of 15737 shares. The stock had previously closed at $7.48.

Wall Street Analyst Weigh In

NHYDY has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. BNP Paribas Exane raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Friday, December 5th. Barclays lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a research note on Friday, December 5th. Finally, Pareto Securities cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Norsk Hydro ASA Trading Down 0.3%

The stock has a market capitalization of $15.11 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.19. The business has a 50 day simple moving average of $7.10 and a 200-day simple moving average of $6.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $47.19 billion. On average, analysts predict that Norsk Hydro ASA will post 0.72 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.