Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded at Citigroup

Citigroup upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

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

Norsk Hydro ASA Stock Up 0.5 %

Shares of NHYDY opened at $5.83 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $6.98. The firm’s 50 day moving average is $6.21 and its 200-day moving average is $6.00. The stock has a market capitalization of $11.71 billion, a PE ratio of 97.17, a P/E/G ratio of 0.21 and a beta of 1.52.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly 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. The business had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. Equities research analysts forecast that Norsk Hydro ASA will post 0.55 EPS for the current 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.