Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Upgraded by Barclays

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

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY opened at $6.24 on Wednesday. The company has a market cap of $12.54 billion, a PE ratio of 44.57, a P/E/G ratio of 0.23 and a beta of 1.53. The firm’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.88. Norsk Hydro ASA has a 52-week low of $4.95 and a 52-week high of $6.98.

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). Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. The company had revenue of $4.88 billion during the quarter. Sell-side analysts forecast that Norsk Hydro ASA will post 0.51 EPS 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.