Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Unusually-High Trading Volume – Still a Buy?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares saw unusually-strong trading volume on Monday . 287,350 shares were traded during trading, an increase of 35% from the previous session’s volume of 212,070 shares.The stock last traded at $8.90 and had previously closed at $8.78.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group raised Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $18.32 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. The company’s 50 day moving average is $10.80 and its 200-day moving average is $9.97.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. As a group, equities analysts anticipate that Norsk Hydro ASA will post 0.99 EPS for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.