Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Now Rated “Hold” by Sell-Side Brokerages

Norsk Hydro ASA (OTCMKTS:NHYDY) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have recently commented on NHYDY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. Finally, Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, September 28th.

Norsk Hydro ASA Stock Down 1.4%

Shares of NHYDY opened at $7.98 on Tuesday. The firm has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.21. Norsk Hydro ASA has a one year low of $6.49 and a one year high of $13.02. The company has a market cap of $15.79 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.52 and a beta of 1.10.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. Research analysts forecast that Norsk Hydro ASA will post 0.87 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.