Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Norsk Hydro ASA (OTCMKTS:NHYDY)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.05 and traded as low as $5.50. Norsk Hydro ASA shares last traded at $5.72, with a volume of 98,822 shares changing hands.

Wall Street Analysts Forecast Growth

NHYDY has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

The firm has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $6.02. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.26 and a beta of 1.45.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Friday, February 14th. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The firm had revenue of $5.16 billion during the quarter. As a group, sell-side analysts expect that Norsk Hydro ASA will post 0.72 earnings per share 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.