Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to “Hold” at Royal Bank of Canada

Royal Bank of Canada cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a moderate buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on NHYDY. Barclays upgraded Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

Norsk Hydro ASA Stock Down 1.7 %

Norsk Hydro ASA stock opened at $5.84 on Tuesday. Norsk Hydro ASA has a twelve month low of $4.95 and a twelve month high of $6.98. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $5.87 and a 200-day moving average of $5.86. The stock has a market capitalization of $11.73 billion, a PE ratio of 97.33, a price-to-earnings-growth ratio of 0.16 and a beta of 1.54.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. The firm had revenue of $4.68 billion during the quarter. On average, equities research analysts anticipate that Norsk Hydro ASA will post 0.52 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.