The Goldman Sachs Group Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was downgraded by equities research analysts at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts also recently issued reports on NHYDY. Citigroup raised Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada downgraded Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS NHYDY traded down $0.08 during trading hours on Thursday, hitting $5.04. 516,637 shares of the stock were exchanged, compared to its average volume of 232,602. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $6.98. The company's fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $5.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. The company has a market cap of $10.13 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.18). The business had revenue of $5.16 billion for the quarter. Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. On average, sell-side 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.