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

Key Points

• Norsk Hydro shares gapped down 5.3%, opening at $7.18 versus a prior close of $7.61, with the stock last trading near $7.25.
• Analyst sentiment remains cautious: Danske and Zacks Research upgraded the stock to “Hold,” while the overall consensus rating is Hold, based on one Strong Buy, two Buys, seven Holds and one Sell.
• The company met quarterly earnings expectations with EPS of $0.24, while analysts project full-year EPS of $0.87. Norsk Hydro has a $14.26 billion market capitalization and operates across aluminum production, recycling and renewable energy.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report)'s share price gapped down prior to trading on Friday. The stock had previously closed at $7.61, but opened at $7.18. Norsk Hydro ASA shares last traded at $7.2450, with a volume of 58,369 shares trading hands.

Wall Street Analyst Weigh In

NHYDY has been the topic of several research analyst reports. Danske upgraded shares of Norsk Hydro ASA from a "sell" rating to a "hold" rating in a research report on Monday, September 28th. Zacks Research upgraded Norsk Hydro ASA from a "strong sell" rating to a "hold" rating in a report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Norsk Hydro ASA Trading Down 5.3%

The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The business's fifty day moving average is $9.08 and its two-hundred day moving average is $10.02.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its earnings results on Friday, October 23rd. The industrial products company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. Equities analysts anticipate that Norsk Hydro ASA will post 0.87 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company's aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.

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