Norsk Hydro ASA (OTCMKTS:NHYDY) Share Price Crosses Below 50-Day Moving Average of $6.35

Norsk Hydro ASA (OTCMKTS:NHYDYGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.35 and traded as low as $6.24. Norsk Hydro ASA shares last traded at $6.42, with a volume of 102,489 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, June 12th.

Check Out Our Latest Stock Report on Norsk Hydro ASA

Norsk Hydro ASA Trading Up 3.0 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.28. The stock’s 50 day moving average is $6.35 and its 200-day moving average is $6.06. The company has a market capitalization of $13.10 billion, a P/E ratio of 45.86, a P/E/G ratio of 0.20 and a beta of 1.55.

Norsk Hydro ASA (OTCMKTS:NHYDYGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $4.52 billion for the quarter. Norsk Hydro ASA had a return on equity of 6.18% and a net margin of 1.67%. As a group, equities research analysts anticipate that Norsk Hydro ASA will post 0.6 earnings per share for the current year.

Norsk Hydro ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were paid a $0.2354 dividend. The ex-dividend date was Thursday, May 9th. Norsk Hydro ASA’s payout ratio is 114.29%.

About Norsk Hydro ASA

(Get Free Report)

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.

Further Reading

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