Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $7.22, but opened at $6.96. Norsk Hydro ASA shares last traded at $7.1365, with a volume of 1,803 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Norsk Hydro ASA in a report on Wednesday, October 8th. Danske upgraded Norsk Hydro ASA to a “hold” rating in a research report on Monday, October 27th. Barclays cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Pareto Securities lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Norsk Hydro ASA in a report on Friday, November 21st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Norsk Hydro ASA Stock Performance

The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.31 and a beta of 1.46. The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $6.96 and its 200-day moving average is $6.38.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its 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. Norsk Hydro ASA had a net margin of 4.96% and a return on equity of 10.39%. The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $47.19 billion. On average, analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

About Norsk Hydro ASA

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.