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Stock analysts at Morgan Stanley started coverage on shares of Norsk Hydro ASA (NASDAQ:NHYDY) in a report issued on Thursday. The firm set an “underweight” rating on the stock.

Shares of Norsk Hydro ASA (NASDAQ:NHYDY) opened at 5.94 on Thursday. Norsk Hydro ASA has a 1-year low of $3.99 and a 1-year high of $6.20. The stock’s 50-day moving average is $5.85 and its 200-day moving average is $5.40. The company has a market cap of $12.118 billion and a price-to-earnings ratio of 5940.00.

Norsk Hydro ASA is a Norway-based company engaged in a number of activities along the aluminum industry’s value chain.

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