Norsk Hydro ASA (OTCMKTS:NHYDY) Hits New 12-Month High - Here's Why

Key Points

• Norsk Hydro ASA's stock price reached a new 52-week high of $6.95, closing at $6.94 with a trading volume of 34,410 shares.
• Analysts have given the stock a mixed set of ratings, including a downgrade from Kepler Capital Markets to a "hold," while Morgan Stanley maintains an "overweight" rating.
• The company reported $0.16 EPS for the last quarter, exceeding estimates of $0.07, and had a revenue of $5.23 billion against expectations of $5.16 billion.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $6.95 and last traded at $6.94, with a volume of 34410 shares traded. The stock had previously closed at $6.86.

Analyst Upgrades and Downgrades

NHYDY has been the topic of a number of recent analyst reports. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Citigroup restated a "neutral" rating on shares of Norsk Hydro ASA in a research report on Friday. Finally, Morgan Stanley restated an "overweight" rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Norsk Hydro ASA has an average rating of "Moderate Buy".

Norsk Hydro ASA Stock Up 1.9%

The firm has a market cap of $13.83 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.31 and a beta of 1.48. The stock's 50 day simple moving average is $6.48 and its 200 day simple moving average is $5.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.92.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.09. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. The business had revenue of $5.23 billion during the quarter, compared to analyst estimates of $51.63 billion. Research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current year.

Norsk Hydro ASA Company Profile

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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