Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 1-Year High – Should You Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $12.53 and last traded at $12.47, with a volume of 90108 shares. The stock had previously closed at $12.03.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Pareto Securities raised shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday. Finally, The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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Read Our Latest Stock Analysis on NHYDY

Norsk Hydro ASA Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. The company’s 50 day moving average price is $11.05 and its 200 day moving average price is $9.27. The firm has a market capitalization of $24.49 billion, a P/E ratio of 39.68, a PEG ratio of 0.81 and a beta of 0.96.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.42 billion. As a group, sell-side analysts anticipate that Norsk Hydro ASA will post 1.19 EPS for the current fiscal year.

About Norsk Hydro ASA

(Get Free Report)

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.

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