Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Earnings Results, Misses Expectations By $0.18 EPS

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings results on Friday. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18), Zacks reports. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock traded up $0.15 on Friday, hitting $6.01. The company’s stock had a trading volume of 73,843 shares, compared to its average volume of 206,104. The company has a market capitalization of $12.07 billion, a P/E ratio of 100.17, a price-to-earnings-growth ratio of 0.17 and a beta of 1.53. Norsk Hydro ASA has a 52-week low of $4.95 and a 52-week high of $6.98. The firm has a fifty day moving average price of $5.75 and a 200-day moving average price of $5.85. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada cut Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

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.