Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down before the open — the stock opened at $10.76 versus a prior close of $11.56 and last traded around $11.02, roughly a 4.9% intraday decline.
• Analyst opinions are mixed with several recent rating changes (UBS cut to neutral, RBC upgraded to outperform, Goldman Sachs upgraded from strong sell to strong-buy), leaving a MarketBeat consensus rating of "Hold".
• Norsk Hydro beat quarterly estimates with EPS of $0.07 vs. $0.03 expected and revenue of $4.98B vs. $4.82B, and currently has a market cap of $21.74B and a P/E of 35.45.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $11.56, but opened at $10.76. Norsk Hydro ASA shares last traded at $11.0150, with a volume of 16,879 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on NHYDY shares. UBS Group cut shares of Norsk Hydro ASA from a "buy" rating to a "neutral" rating in a report on Thursday, April 9th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a research report on Friday, March 20th. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft lowered shares of Norsk Hydro ASA from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Norsk Hydro ASA Stock Down 4.9%

The firm's 50-day moving average price is $9.79 and its 200 day moving average price is $8.33. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14.

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