Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Pass Below 50 Day Moving Average of $5.77

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.77 and traded as low as $5.54. Norsk Hydro ASA shares last traded at $5.55, with a volume of 105,030 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, June 12th.

Norsk Hydro ASA Stock Up 0.2 %

The business’s 50 day moving average is $5.76 and its 200 day moving average is $5.92. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.17 billion, a P/E ratio of 39.71, a P/E/G ratio of 0.18 and a beta of 1.55.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. As a group, equities analysts anticipate that Norsk Hydro ASA will post 0.57 earnings per share 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.