Norsk Hydro ASA (OTCMKTS:NHYDY) Receives Consensus Rating of “Hold” from Brokerages
Norsk Hydro ASA (OTCMKTS:NHYDY) has earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company.
Several brokerages have recently issued reports on NHYDY. Barclays began coverage on Norsk Hydro ASA in a research report on Thursday. They issued an “underweight” rating on the stock. Zacks Investment Research raised shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Friday. Bank of America lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Friday, August 16th. ValuEngine lowered shares of Norsk Hydro ASA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Deutsche Bank lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th.
Shares of NHYDY stock traded up $0.08 during midday trading on Friday, hitting $3.77. The company had a trading volume of 156,961 shares, compared to its average volume of 91,885. The company’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.77. Norsk Hydro ASA has a 52-week low of $2.93 and a 52-week high of $6.21. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.07.
About Norsk Hydro ASA
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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