Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Up – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $9.48, but opened at $10.06. Norsk Hydro ASA shares last traded at $10.06, with a volume of 1,777 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Zacks Research lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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Norsk Hydro ASA Trading Up 1.2%

The firm’s 50 day simple moving average is $9.33 and its 200-day simple moving average is $10.15. The company has a market capitalization of $19.90 billion, a PE ratio of 19.27, a P/E/G ratio of 1.78 and a beta of 1.02. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 12.01%. As a group, equities research analysts anticipate that Norsk Hydro ASA will post 0.91 EPS 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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