Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by Kepler Capital Markets to “Strong Sell”

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on NHYDY. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, December 16th. Danske raised Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. The Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research note on Monday. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Norsk Hydro ASA currently has an average rating of “Reduce”.

Norsk Hydro ASA Stock Performance

OTCMKTS NHYDY opened at $8.58 on Monday. The stock has a market capitalization of $16.97 billion, a PE ratio of 27.67, a P/E/G ratio of 0.30 and a beta of 1.15. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $9.75. The business has a 50 day simple moving average of $8.38 and a two-hundred day simple moving average of $7.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.25.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.82 billion. On average, research analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current fiscal 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.