Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by UBS Group to “Neutral”

UBS Group cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a neutral rating in a report issued on Thursday morning, MarketBeat reports.

A number of other brokerages have also weighed in on NHYDY. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, February 24th. The Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Finally, Zacks Research lowered shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Norsk Hydro ASA has an average rating of “Hold”.

Norsk Hydro ASA Price Performance

OTCMKTS:NHYDY opened at $11.36 on Thursday. Norsk Hydro ASA has a 52 week low of $4.81 and a 52 week high of $11.36. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The stock has a market cap of $22.48 billion, a PE ratio of 36.65, a P/E/G ratio of 1.76 and a beta of 0.98. The business’s 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $8.16.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%.The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.82 billion. As a group, analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

About Norsk Hydro ASA

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.