Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) issued its earnings results on Thursday. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14, Zacks reports. Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%. The business had revenue of $4.68 billion during the quarter.

Norsk Hydro ASA Stock Performance

Shares of NHYDY traded up $0.03 during mid-day trading on Friday, reaching $6.15. 63,877 shares of the company’s stock were exchanged, compared to its average volume of 87,922. The business’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $6.05. The stock has a market capitalization of $12.36 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. Norsk Hydro ASA has a 52-week low of $4.95 and a 52-week high of $6.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.28.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a research note 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.