Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Up 1.8% - What's Next?

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) shares were up 1.8% during mid-day trading on Thursday . The stock traded as high as $6.10 and last traded at $6.10. Approximately 111,601 shares traded hands during trading, an increase of 33% from the average daily volume of 83,893 shares. The stock had previously closed at $5.99.

Analyst Ratings Changes

Several equities analysts recently issued reports on NHYDY shares. The Goldman Sachs Group lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th. Royal Bank Of Canada raised Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a report on Thursday, April 17th.

Norsk Hydro ASA Stock Performance

The firm has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $5.69. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 0.38 and a beta of 1.47.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.05). The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $57.46 billion. Norsk Hydro ASA had a net margin of 4.44% and a return on equity of 10.01%. Analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

Norsk Hydro ASA Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.1442 dividend. This represents a dividend yield of 2.68%. The ex-dividend date was Tuesday, May 13th. Norsk Hydro ASA's dividend payout ratio (DPR) is currently 33.33%.

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.