Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – Should You Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares gapped down prior to trading on Monday . The stock had previously closed at $11.5975, but opened at $10.86. Norsk Hydro ASA shares last traded at $10.82, with a volume of 30,472 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NHYDY shares. UBS Group cut shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $9.66. The company has a market capitalization of $21.43 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 0.77 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. Equities research analysts predict that Norsk Hydro ASA will post 1.19 earnings per share for the current year.

About Norsk Hydro ASA

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.