Noranda Aluminum Holding Corp. Lowered to Sell at TheStreet (NOR)
Noranda Aluminum Holding Corp. (NYSE:NOR) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, Analyst RN reports.
The analysts wrote, “Noranda Aluminum (NOR) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.”
Noranda Aluminum Holding Corp. (NYSE:NOR) traded up 2.27% during mid-day trading on Friday, hitting $4.06. The stock had a trading volume of 343,372 shares. Noranda Aluminum Holding Corp. has a 52-week low of $2.21 and a 52-week high of $5.33. The stock’s 50-day moving average is $3.31 and its 200-day moving average is $2.87. The company’s market cap is $276.5 million.
Noranda Aluminum Holding Corp. (NYSE:NOR) last announced its earnings results on Wednesday, February 19th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 26th. Investors of record on Monday, March 3rd will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, February 27th.
Noranda Aluminum Holding Corporation (NYSE:NOR) is a North American integrated producer of aluminum products and rolled aluminum coils.
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