Norsk Hydro ASA (OTCMKTS:NHYDY) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.05 and traded as low as $5.50. Norsk Hydro ASA shares last traded at $5.72, with a volume of 98,822 shares trading hands.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of several recent analyst reports. Citigroup upgraded Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada downgraded shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 21st.

View Our Latest Analysis on Norsk Hydro ASA

Norsk Hydro ASA Stock Performance

The stock has a 50-day moving average of $6.03 and a 200 day moving average of $6.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. The firm has a market capitalization of $10.11 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45.

Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.18). The firm had revenue of $5.16 billion for the quarter. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. On average, research analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

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.

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