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

Key Points

• Norsk Hydro shares gapped up from a prior close of $9.48 to open and last trade at $10.06, although trading volume was light at 1,777 shares.
• Analyst sentiment is broadly cautious: the stock has an average “Hold” rating, with recent moves including downgrades from Pareto Securities and Zacks Research.
• The company modestly beat quarterly expectations, reporting EPS of $0.23 versus $0.22 expected and revenue of $5.88 billion versus $5.74 billion consensus.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $9.48, but opened at $10.06. Norsk Hydro ASA shares last traded at $10.06, with a volume of 1,777 shares.

Analyst Upgrades and Downgrades

NHYDY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Citigroup reaffirmed a "neutral" rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. Pareto Securities downgraded Norsk Hydro ASA from a "buy" rating to a "hold" rating in a report on Thursday, June 11th. Finally, Zacks Research lowered Norsk Hydro ASA from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Norsk Hydro ASA Trading Up 1.2%

The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.78 and a beta of 1.02. The business has a 50 day simple moving average of $9.33 and a 200-day simple moving average of $10.15.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 12.01%. On average, equities analysts predict that Norsk Hydro ASA will post 0.91 earnings per share 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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