Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Increased to Strong-Buy at Citigroup

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

Separately, Barclays raised Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS NHYDY opened at $5.83 on Wednesday. The stock’s 50-day simple moving average is $6.21 and its 200-day simple moving average is $6.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. The firm has a market capitalization of $11.71 billion, a PE ratio of 97.17, a price-to-earnings-growth ratio of 0.21 and a beta of 1.52. Norsk Hydro ASA has a fifty-two week low of $4.95 and a fifty-two week high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Thursday, October 24th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. The firm had revenue of $4.68 billion for the quarter. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.55 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.