Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

NHYDY has been the topic of a number of other research reports. Citigroup cut shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Monday, August 12th. ValuEngine cut shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Bank of America downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Friday, August 16th. Deutsche Bank lowered shares of Norsk Hydro ASA from a buy rating to a hold rating in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $5.00.

NHYDY opened at $3.63 on Friday. Norsk Hydro ASA has a one year low of $2.93 and a one year high of $6.21. The stock has a market capitalization of $7.59 billion, a PE ratio of 10.68, a P/E/G ratio of 2.63 and a beta of 0.90. The business’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.07 and a current ratio of 1.77.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a return on equity of 2.14% and a net margin of 0.07%. The business had revenue of $4.55 billion for the quarter. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.16 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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