Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Average Rating of “Hold” from Brokerages
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have earned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.
NHYDY has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Norsk Hydro ASA in a report on Wednesday, April 29th. Credit Suisse Group downgraded shares of Norsk Hydro ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, May 7th. Pareto Securities downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 3rd. Nordea Equity Research downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, April 30th.
Shares of NHYDY stock traded up $0.10 during mid-day trading on Friday, reaching $2.90. 68,800 shares of the company’s stock traded hands, compared to its average volume of 46,265. Norsk Hydro ASA has a 12 month low of $1.89 and a 12 month high of $3.91. The firm has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.11 and a current ratio of 1.81. The firm has a market capitalization of $5.73 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
Further Reading: Net Margin
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