Norsk Hydro ASA (OTCMKTS:NHYDY) Raised to Strong-Buy at Barclays

Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks.com reports.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock opened at $6.24 on Wednesday. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 44.57, 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 $5.79 and a 200-day moving average price of $6.04. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%. Equities analysts expect that Norsk Hydro ASA will post 0.51 EPS for the current 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.