Norsk Hydro ASA (OTCMKTS:NHYDY) Trading Down 4.5% – Here’s Why

Norsk Hydro ASA (OTCMKTS:NHYDY) traded down 4.5% on Friday . The stock traded as low as $5.98 and last traded at $6.01. 80,607 shares traded hands during trading, a decline of 57% from the average session volume of 186,409 shares. The stock had previously closed at $6.29.

Analyst Ratings Changes

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

Norsk Hydro ASA Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.07 billion, a P/E ratio of 100.12, a PEG ratio of 0.22 and a beta of 1.52. The company has a fifty day simple moving average of $6.25 and a two-hundred day simple moving average of $6.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 EPS for the quarter, hitting 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 company had revenue of $4.68 billion during the quarter. Sell-side analysts expect that Norsk Hydro ASA will post 0.55 EPS 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.