Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by The Goldman Sachs Group to “Hold”

The Goldman Sachs Group lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on NHYDY. Citigroup upgraded Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Norsk Hydro ASA Stock Down 5.0 %

Shares of OTCMKTS NHYDY traded down $0.26 during midday trading on Thursday, hitting $4.97. 498,009 shares of the stock traded hands, compared to its average volume of 212,366. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. Norsk Hydro ASA has a one year low of $4.50 and a one year high of $6.98. The business has a 50 day moving average price of $5.92 and a two-hundred day moving average price of $5.98. The company has a market cap of $9.98 billion, a PE ratio of 18.41, a P/E/G ratio of 0.26 and a beta of 1.45.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Friday, February 14th. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The business had revenue of $5.16 billion for the quarter. On average, equities analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.

About Norsk Hydro ASA

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.