Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded by Barclays to Strong-Buy

Barclays upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) to a strong-buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

Norsk Hydro ASA Trading Down 0.2 %

Shares of OTCMKTS NHYDY opened at $6.24 on Wednesday. The stock has a market cap of $12.54 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.28. Norsk Hydro ASA has a 1 year low of $4.95 and a 1 year high of $6.98. The firm has a 50-day moving average of $5.79 and a 200 day moving average of $6.04.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. The company had revenue of $4.88 billion during the quarter. As a group, sell-side analysts expect that Norsk Hydro ASA will post 0.51 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.