Norsk Hydro ASA (OTCMKTS:NHYDY) Lowered to Hold Rating by Royal Bank of Canada

Royal Bank of Canada cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a moderate buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on NHYDY. Barclays raised Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

OTCMKTS:NHYDY opened at $5.84 on Tuesday. The stock has a market capitalization of $11.73 billion, a P/E ratio of 97.33, a price-to-earnings-growth ratio of 0.16 and a beta of 1.54. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a 1 year low of $4.95 and a 1 year high of $6.98. The firm has a 50 day moving average of $5.87 and a 200-day moving average of $5.86.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting 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, sell-side analysts anticipate that Norsk Hydro ASA will post 0.52 EPS 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.