Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.75 and last traded at $6.64, with a volume of 73984 shares trading hands. The stock had previously closed at $6.70.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NHYDY. Morgan Stanley restated an "overweight" rating on shares of Norsk Hydro ASA in a research note on Monday, July 14th. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Finally, Citigroup restated a "neutral" rating on shares of Norsk Hydro ASA in a research note on Wednesday, July 30th. One equities 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Analysis on NHYDY
Norsk Hydro ASA Price Performance
The firm's fifty day moving average price is $6.32 and its 200 day moving average price is $5.87. The firm has a market capitalization of $13.68 billion, a PE ratio of 15.36, a P/E/G ratio of 0.32 and a beta of 1.48. The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.
Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The business had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. As a group, equities analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share 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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