Norsk Hydro ASA (OTCMKTS:NHYDY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.10 and traded as low as $5.40. Norsk Hydro ASA shares last traded at $5.51, with a volume of 74,411 shares.

Analyst Ratings Changes

Several research firms have commented on NHYDY. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays upgraded Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

The company has a market cap of $11.07 billion, a PE ratio of 91.83, a P/E/G ratio of 0.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The company has a 50-day moving average price of $6.10 and a two-hundred day moving average price of $5.94.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. The business had revenue of $4.68 billion during the quarter. Sell-side analysts expect that Norsk Hydro ASA will post 0.55 earnings per share for the current fiscal 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.