Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to Hold at Royal Bank of Canada

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by investment analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on NHYDY. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY opened at $5.84 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $5.87 and a 200-day moving average price of $5.86. The company has a market cap of $11.73 billion, a PE ratio of 97.33, a price-to-earnings-growth ratio of 0.16 and a beta of 1.54. Norsk Hydro ASA has a 12-month low of $4.95 and a 12-month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $4.68 billion during the quarter. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. As a group, equities analysts forecast that Norsk Hydro ASA will post 0.52 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

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.