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

Key Points

• 52-week high: Norsk Hydro hit a new 52-week high of $11.62 on Monday, trading around $11.48 with about 12,612 shares changing hands and was up roughly 1.5%.
• Quarterly beat: The company reported Q results of $0.07 EPS (vs. $0.03 expected) and $4.98B revenue (vs. $4.82B expected), and analysts expect roughly 0.72 EPS for the current fiscal year.
• Mixed analyst sentiment: Ratings are divided — one Strong Buy, four Buy, four Hold and two Sell for an average MarketBeat rating of "Hold," with recent upgrades (Citigroup) and several downgrades (Wall Street Zen, Zacks, Kepler).

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $11.62 and last traded at $11.4750, with a volume of 12612 shares trading hands. The stock had previously closed at $11.36.

Analyst Upgrades and Downgrades

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. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research note on Thursday. Citigroup raised shares of Norsk Hydro ASA from a "neutral" rating to a "buy" rating in a research report on Monday, February 23rd. Zacks Research downgraded shares of Norsk Hydro ASA from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, January 23rd. Finally, Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Norsk Hydro ASA Trading Up 1.5%

The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $9.59 and a 200 day moving average price of $8.22. The stock has a market capitalization of $22.89 billion, a PE ratio of 37.32, a P/E/G ratio of 1.80 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.82 billion. Equities analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

About Norsk Hydro ASA

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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