Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05), Yahoo Finance reports. The company had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%.

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY traded down $0.07 on Thursday, reaching $5.47. The company had a trading volume of 332,311 shares, compared to its average volume of 189,613. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.99 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 0.18 and a beta of 1.55. The firm’s 50 day moving average price is $6.29 and its 200 day moving average price is $6.02. Norsk Hydro ASA has a 12 month low of $5.08 and a 12 month high of $6.98.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, June 12th.

Norsk Hydro ASA Company Profile

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.