Norsk Hydro ASA (NHYDY) Downgraded by Nordea Equity Research to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by research analysts at Nordea Equity Research from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

NHYDY has been the subject of a number of other reports. ValuEngine cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Zacks Investment Research cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Friday, January 18th. Finally, Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Norsk Hydro ASA presently has an average rating of “Hold” and an average price target of $5.00.

OTCMKTS:NHYDY traded down $0.20 on Friday, reaching $4.02. The company’s stock had a trading volume of 8,073 shares, compared to its average volume of 54,160. Norsk Hydro ASA has a 1-year low of $4.18 and a 1-year high of $7.59. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.86 and a beta of 0.82.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Thursday, February 7th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Norsk Hydro ASA had a net margin of 5.17% and a return on equity of 9.49%. The business had revenue of $4.54 billion during the quarter. Sell-side analysts forecast that Norsk Hydro ASA will post 0.44 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

See Also: Current Ratio

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