Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Norsk Hydro ASA (OTCMKTS:NHYDY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.10 and traded as low as $5.40. Norsk Hydro ASA shares last traded at $5.51, with a volume of 74,411 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NHYDY shares. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

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 company has a 50 day simple moving average of $6.08 and a 200 day simple moving average of $5.94. The stock has a market cap of $11.09 billion, a P/E ratio of 92.00, a PEG ratio of 0.21 and a beta of 1.52.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.14 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 net margin of 0.69% and a return on equity of 7.26%. Sell-side analysts forecast that Norsk Hydro ASA will post 0.55 earnings per share for the current fiscal 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.