Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by The Goldman Sachs Group

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada cut shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

NHYDY opened at $5.15 on Thursday. The business has a 50 day moving average price of $5.90 and a two-hundred day moving average price of $5.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, February 14th. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The firm had revenue of $5.16 billion during the quarter. Research analysts predict that Norsk Hydro ASA will post 0.72 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.