Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Earnings Results, Meets Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its earnings results on Thursday. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14, Zacks reports. The firm had revenue of $4.68 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $6.17 on Friday. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.88. The stock has a 50 day moving average price of $5.90 and a 200-day moving average price of $6.05. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th.

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.