Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Strong Trading Volume – What’s Next?

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) saw unusually-high trading volume on Friday . 331,282 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 245,359 shares.The stock last traded at $10.06 and had previously closed at $9.93.

Analyst Upgrades and Downgrades

NHYDY has been the topic of several recent research reports. Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Finally, Zacks Research cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

The firm has a market cap of $19.64 billion, a P/E ratio of 19.01, a PEG ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.14. The company’s 50-day moving average is $9.28 and its two-hundred day moving average is $10.18.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. Sell-side analysts anticipate that Norsk Hydro ASA will post 0.91 EPS for the current fiscal 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.