Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

NHYDY has been the subject of a number of other reports. Deutsche Bank reiterated a hold rating on shares of Norsk Hydro ASA in a research report on Thursday, April 30th. Nordea Equity Research downgraded Norsk Hydro ASA from a buy rating to a hold rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. restated an underweight rating on shares of Norsk Hydro ASA in a research report on Wednesday, April 29th. Morgan Stanley restated an underweight rating on shares of Norsk Hydro ASA in a research report on Tuesday, June 23rd. Finally, Credit Suisse Group downgraded Norsk Hydro ASA from an outperform rating to a neutral rating in a research report on Thursday, May 7th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $3.00.

OTCMKTS:NHYDY opened at $2.90 on Tuesday. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of -15.26, a price-to-earnings-growth ratio of 0.41 and a beta of 1.17. Norsk Hydro ASA has a twelve month low of $1.89 and a twelve month high of $3.91. The stock’s 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.77. The company has a quick ratio of 1.11, a current ratio of 1.81 and a debt-to-equity ratio of 0.22.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.06 earnings per share for the quarter. Norsk Hydro ASA had a positive return on equity of 1.99% and a negative net margin of 2.36%. The business had revenue of $4.03 billion for the quarter. As a group, analysts anticipate that Norsk Hydro ASA will post 0.14 earnings per share for the current year.

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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