Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 52-Week High - Time to Buy?

Key Points

• Norsk Hydro ASA has reached a new 52-week high at $7.10, with last trading at $7.08.
• Analysts have issued mixed ratings, with one "Buy," five "Hold," and a consensus average rating of "Hold."
• The company reported earnings per share (EPS) of $0.16, significantly surpassing the expected $0.07, and had a revenue of $5.23 billion.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $7.10 and last traded at $7.08, with a volume of 16015 shares trading hands. The stock had previously closed at $7.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Pareto Securities cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. Barclays cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. Citigroup reiterated a "neutral" rating on shares of Norsk Hydro ASA in a research report on Friday, September 26th. Kepler Capital Markets cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Norsk Hydro ASA in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold".

Norsk Hydro ASA Stock Up 1.7%

The company has a quick ratio of 1.27, a current ratio of 1.92 and a debt-to-equity ratio of 0.28. The company's fifty day moving average is $6.72 and its 200-day moving average is $6.01. The company has a market cap of $14.15 billion, a PE ratio of 15.89, a PEG ratio of 0.32 and a beta of 1.44.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $5.23 billion for the quarter, compared to analysts' expectations of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. On average, analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.

About Norsk Hydro ASA

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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