Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to Hold at Royal Bank of Canada

Royal Bank of Canada cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a moderate buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Barclays upgraded Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS NHYDY opened at $5.91 on Tuesday. Norsk Hydro ASA has a 52-week low of $4.95 and a 52-week high of $6.98. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 98.50, a PEG ratio of 0.16 and a beta of 1.54. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $5.87 and its 200 day simple moving average is $5.86.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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. As a group, sell-side analysts forecast that Norsk Hydro ASA will post 0.52 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

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.