Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Rating of “Hold” by Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company.

Several analysts have issued reports on NHYDY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. Danske raised Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. BNP Paribas Exane raised Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, December 16th.

Norsk Hydro ASA Stock Performance

OTCMKTS NHYDY opened at $9.42 on Wednesday. The firm has a market capitalization of $18.64 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.28 and a beta of 1.15. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $7.25. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $9.50.

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.