Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $6.62 and last traded at $6.60, with a volume of 29573 shares traded. The stock had previously closed at $6.51.
Analysts Set New Price Targets
NHYDY has been the topic of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Citigroup restated a "neutral" rating on shares of Norsk Hydro ASA in a research report on Wednesday, July 30th. Finally, Kepler Capital Markets cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Norsk Hydro ASA has an average rating of "Moderate Buy".
Read Our Latest Research Report on Norsk Hydro ASA
Norsk Hydro ASA Price Performance
The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.92 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.31 and a beta of 1.50. The stock's 50-day moving average is $6.02 and its two-hundred day moving average is $5.79.
Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%.The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $51.63 billion. On average, equities analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.
Norsk Hydro ASA Company Profile
(
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Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.
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