Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 63,836 shares, an increase of 256.3% from the October 15th total of 17,915 shares. Based on an average daily volume of 803,545 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Norsk Hydro ASA Stock Performance
Norsk Hydro ASA stock traded down $0.10 during mid-day trading on Friday, reaching $7.13. 213,610 shares of the company traded hands, compared to its average volume of 271,367. 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 fifty-two week low of $6.74 and a fifty-two week high of $13.02. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 6.54 and a beta of 1.17. The firm’s fifty day moving average is $8.30 and its two-hundred day moving average is $9.65.
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Norsk Hydro ASA had a net margin of 6.41% and a return on equity of 13.82%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.72 billion. On average, equities research analysts expect that Norsk Hydro ASA will post 0.80 earnings per share for the current fiscal year.
Analyst Ratings Changes
NHYDY has been the subject of several analyst reports. Zacks Research lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Danske raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Norsk Hydro ASA
Norsk Hydro ASA Company Profile
Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Its operations span much of the aluminum value chain, from bauxite mining and alumina refining to primary aluminum production, metal recycling, and the manufacture of aluminum products. The company supplies aluminum for applications in industries such as transportation, construction, packaging, and manufacturing. Its product activities include rolled and extruded aluminum, while its energy operations generate and supply renewable power that supports its industrial businesses and external customers.
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