Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s share price gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

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

Norsk Hydro ASA Stock Down 5.3%

The company’s fifty day moving average price is $9.08 and its 200-day moving average price is $10.02. The stock has a market cap of $14.26 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.91.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Friday, October 23rd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. Equities analysts forecast that Norsk Hydro ASA will post 0.87 EPS for the current year.

About Norsk Hydro ASA

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.