Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – Should You Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.1050, but opened at $9.19. Norsk Hydro ASA shares last traded at $9.2470, with a volume of 19,426 shares traded.

Analyst Upgrades and Downgrades

NHYDY has been the topic of several recent research reports. Danske downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Pareto Securities downgraded 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 raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, UBS Group downgraded shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Stock Down 1.1%

The stock has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $9.85. The firm has a market cap of $18.00 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 0.61 and a beta of 0.98. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. As a group, sell-side analysts expect that Norsk Hydro ASA will post 1.19 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.