Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01, Zacks reports. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%.
Norsk Hydro ASA Trading Up 1.9%
OTCMKTS:NHYDY opened at $8.98 on Thursday. Norsk Hydro ASA has a 12-month low of $5.92 and a 12-month high of $13.02. The firm has a market capitalization of $17.77 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.66 and a beta of 1.02. 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 business has a 50 day simple moving average of $10.48 and a 200 day simple moving average of $10.01.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on NHYDY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Danske lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Pareto Securities downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Zacks Research lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.
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.
See Also
- Five stocks we like better than Norsk Hydro ASA
- Cybersecurity ETFs Are Rallying While AI Stocks Cool Off
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with MarketBeat.com's FREE daily email newsletter.
