Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Large Volume Increase – Here’s What Happened

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) saw an uptick in trading volume on Monday . 501,179 shares traded hands during trading, an increase of 152% from the previous session’s volume of 198,576 shares.The stock last traded at $11.2850 and had previously closed at $10.93.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Kepler Capital Markets downgraded Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Danske downgraded Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Norsk Hydro ASA currently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

The stock has a market cap of $22.69 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $9.90 and a 200 day moving average price of $8.44.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%. As a group, research analysts forecast that Norsk Hydro ASA will post 1.01 earnings per share 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.