Deutsche Bank Aktiengesellschaft Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports.

NHYDY has been the subject of a number of other reports. Royal Bank Of Canada upgraded Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Kepler Capital Markets downgraded Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Thursday. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Citigroup upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS NHYDY traded down $0.37 during trading on Tuesday, reaching $11.33. The stock had a trading volume of 127,851 shares, compared to its average volume of 195,129. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $11.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market cap of $22.42 billion, a PE ratio of 36.55, a P/E/G ratio of 1.80 and a beta of 0.98. The firm’s 50 day moving average price is $9.64 and its two-hundred day moving average price is $8.25.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.82 billion. On average, research analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.