Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings data on Friday. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18), Zacks reports. The company had revenue of $5.16 billion for the quarter. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $5.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a twelve month low of $4.95 and a twelve month high of $6.98. The business has a 50-day moving average price of $5.74 and a 200 day moving average price of $5.85. The firm has a market cap of $11.87 billion, a PE ratio of 16.46, a P/E/G ratio of 0.17 and a beta of 1.53.

Analysts Set New Price Targets

NHYDY has been the subject of a number of recent research reports. Royal Bank of Canada lowered Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Citigroup upgraded Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

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.