Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 52-Week High – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) reached a new 52-week high on Wednesday . The stock traded as high as $8.6225 and last traded at $8.50, with a volume of 1049071 shares trading hands. The stock had previously closed at $8.30.

Wall Street Analyst Weigh In

Several research analysts recently commented on NHYDY shares. Pareto Securities lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Danske upgraded Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, December 16th. BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Norsk Hydro ASA Stock Performance

The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.25 and a beta of 1.15. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $7.63 and a 200-day simple moving average of $6.94.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Friday, October 24th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $47.19 billion. Norsk Hydro ASA had a net margin of 4.96% and a return on equity of 10.20%. On average, 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 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.