Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) posted its quarterly earnings results on Thursday. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14, Zacks reports. The company had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%.

Norsk Hydro ASA Trading Up 0.5 %

Shares of Norsk Hydro ASA stock traded up $0.03 during trading hours on Friday, hitting $6.15. The company’s stock had a trading volume of 63,877 shares, compared to its average volume of 87,922. Norsk Hydro ASA has a 1-year low of $4.95 and a 1-year high of $6.98. The business has a fifty day moving average of $5.88 and a 200 day moving average of $6.05. The company has a market capitalization of $12.36 billion, a PE ratio of 23.96, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

Separately, Barclays raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, October 16th.

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.