Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume spike: 868,140 shares traded Monday (up 359% vs. the prior session) and the stock moved to $11.46 from a $11.21 close.
• Mixed analyst outlook with a "Hold" consensus: One analyst rates Strong Buy, four Buy, five Hold and two Sell, producing an average MarketBeat rating of "Hold" — notable moves include Goldman Sachs upgrading to strong-buy while Wall Street Zen and Deutsche Bank cut ratings to Hold.
• Recent fundamentals: Market cap $22.55B, P/E 36.54 and PEG 0.74; the company beat EPS estimates ($0.21 vs. $0.17) but missed revenue ($5.18B vs. $5.42B), with ROE 10.52% and net margin 3.11%.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) shares saw an uptick in trading volume on Monday . 868,140 shares were traded during mid-day trading, an increase of 359% from the previous session's volume of 188,991 shares.The stock last traded at $11.46 and had previously closed at $11.21.

Wall Street Analyst Weigh In

NHYDY has been the topic of a number of research reports. Wall Street Zen downgraded Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research note on Friday, February 27th. Zacks Research raised Norsk Hydro ASA from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 29th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft cut Norsk Hydro ASA from a "buy" rating to a "hold" rating in a report on Tuesday, April 14th. Finally, Citigroup raised shares of Norsk Hydro ASA from a "neutral" rating to a "buy" rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Norsk Hydro ASA has an average rating of "Hold".

Norsk Hydro ASA Price Performance

The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 0.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The business has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $8.66.

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 the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Equities research analysts expect that Norsk Hydro ASA will post 1.19 earnings per share for the current year.

Norsk Hydro ASA Company Profile

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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