Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by Royal Bank of Canada to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

Shares of NHYDY stock opened at $5.84 on Tuesday. The business has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $5.86. The company has a market cap of $11.73 billion, a P/E ratio of 97.33, a P/E/G ratio of 0.16 and a beta of 1.54. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a twelve month low of $4.95 and a twelve month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. On average, sell-side analysts forecast that Norsk Hydro ASA will post 0.52 EPS for the current fiscal year.

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.