Norsk Hydro ASA (OTCMKTS:NHYDY) Hits New 12-Month High – Here’s Why

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $6.62 and last traded at $6.60, with a volume of 29573 shares traded. The stock had previously closed at $6.51.

Analyst Ratings Changes

NHYDY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Finally, Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Norsk Hydro ASA currently has an average rating of “Moderate Buy”.

Norsk Hydro ASA Stock Performance

The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $6.02 and its two-hundred day moving average is $5.79. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.31 and a beta of 1.50.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $51.63 billion. As a group, sell-side analysts expect that Norsk Hydro ASA will post 0.72 earnings per share 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.