Norsk Hydro ASA (NHYDY) Projected to Post Earnings on Friday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to issue its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $4.8215 billion for the quarter.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS NHYDY opened at $8.83 on Friday. The stock’s 50-day simple moving average is $8.07 and its two-hundred day simple moving average is $7.17. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $9.50. The firm has a market capitalization of $17.47 billion, a P/E ratio of 16.98, a P/E/G ratio of 0.27 and a beta of 1.15. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Barclays cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, December 16th. Finally, Danske raised Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Norsk Hydro ASA presently has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.