Noranda Aluminum Holding Corp. Reaches New 12-Month Low at $2.48 (NOR)
Noranda Aluminum Holding Corp. (NYSE:NOR) set a new 52-week low on Monday, ARN reports. The company traded as low as $2.48 and last traded at $2.49, with a volume of 261,660 shares. The stock had previously closed at $2.55.
A number of research firms have recently commented on NOR. Analysts at Sidoti initiated coverage on shares of Noranda Aluminum Holding Corp. (NYSE:NOR) in a research note to investors on Tuesday, September 17th. They set a “buy” rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. (NYSE:NOR) to an “underperform” rating in a research note to investors on Friday, August 16th. Finally, analysts at Bank of America Corp. downgraded shares of Noranda Aluminum Holding Corp. (NYSE:NOR) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 16th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.39.
Noranda Aluminum Holding Corp. has a 52 week low of $2.54 and a 52 week high of $6.97. The stock’s 50-day moving average is $2.81 and its 200-day moving average is $3.55. The company’s market cap is $167.3 million.
Noranda Aluminum Holding Corp. (NYSE:NOR) last announced its earnings results on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.02. The company had revenue of $352.00 million for the quarter, compared to the consensus estimate of $340.08 million. During the same quarter last year, the company posted $0.11 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.58 earnings per share for the current fiscal year.
Noranda Aluminum Holding Corporation (NYSE:NOR) is a North American integrated producer of aluminum products and rolled aluminum coils.
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