Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Unusually-High Trading Volume – Time to Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) saw strong trading volume on Tuesday . 205,040 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 188,680 shares.The stock last traded at $8.8050 and had previously closed at $8.93.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NHYDY shares. Royal Bank Of Canada raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a research report on Thursday, April 16th. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Norsk Hydro ASA has an average rating of “Hold”.

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Norsk Hydro ASA Trading Down 1.8%

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 stock’s 50 day moving average price is $11.00 and its 200-day moving average price is $9.93. The stock has a market capitalization of $17.09 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.58 and a beta of 1.02.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. As a group, equities research analysts expect that Norsk Hydro ASA will post 1.19 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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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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