Royal Bank of Canada Downgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to Hold

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by investment analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

NHYDY has been the topic of a number of other research reports. Barclays raised Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, October 16th. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

NHYDY 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 firm has a market capitalization of $11.73 billion, a PE ratio of 97.33, a PEG ratio of 0.16 and a beta of 1.54. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $5.87 and its 200 day moving average price is $5.86.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. The business had revenue of $4.68 billion for the quarter. As a group, sell-side analysts expect that Norsk Hydro ASA will post 0.52 EPS for the current fiscal year.

About Norsk Hydro ASA

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.