Norsk Hydro ASA (OTCMKTS:NHYDY) Hits New 12-Month High – Still a Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $7.75 and last traded at $7.72, with a volume of 81485 shares traded. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. BNP Paribas raised shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. BNP Paribas Exane raised shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Friday, December 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Norsk Hydro ASA has an average rating of “Hold”.

Norsk Hydro ASA Stock Up 0.9%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.43 and a beta of 1.19. The business’s 50 day moving average price is $7.14 and its 200 day moving average price is $6.58.

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

Norsk Hydro ASA Company Profile

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.