Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to “Strong-Buy” at Barclays

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

Norsk Hydro ASA Stock Up 0.3 %

OTCMKTS NHYDY opened at $6.26 on Wednesday. The stock’s 50 day simple moving average is $5.81 and its 200 day simple moving average is $6.05. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98. The firm has a market cap of $12.58 billion, a PE ratio of 44.71, 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 current ratio of 1.88 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $0.14 by ($0.05). The business 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%. As a group, sell-side analysts forecast that Norsk Hydro ASA will post 0.51 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.