Norsk Hydro ASA (OTCMKTS:NHYDY) Sets New 12-Month High – Here’s What Happened

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) reached a new 52-week high on Tuesday . The company traded as high as $7.08 and last traded at $7.05, with a volume of 35492 shares. The stock had previously closed at $7.05.

Analysts Set New Price Targets

Several equities analysts have commented on NHYDY shares. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Finally, Kepler Capital Markets cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Norsk Hydro ASA Stock Performance

The stock has a 50-day moving average of $6.54 and a 200 day moving average of $5.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.92. The firm has a market capitalization of $13.95 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%.The company had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $51.63 billion. On average, research analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current 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.