Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.56 and traded as low as $5.51. Norsk Hydro ASA shares last traded at $5.63, with a volume of 87,630 shares traded.
Analysts Set New Price Targets
Several research analysts have weighed in on NHYDY shares. The Goldman Sachs Group downgraded Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 10th. Royal Bank of Canada upgraded Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 17th.
Get Our Latest Analysis on Norsk Hydro ASA
Norsk Hydro ASA Trading Up 1.1%
The company has a market cap of $11.29 billion, a P/E ratio of 20.82, a P/E/G ratio of 0.26 and a beta of 1.48. The business has a fifty day simple moving average of $5.54 and a 200 day simple moving average of $5.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60.
Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.05). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $57.46 billion. Analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.
Norsk Hydro ASA Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.1442 dividend. This represents a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Norsk Hydro ASA's dividend payout ratio (DPR) is presently 31.11%.
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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