Other equities analysts also recently issued reports about the stock. Goldman Sachs Group raised shares of Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Deutsche Bank downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research note on Wednesday, July 10th. Citigroup downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Monday, August 12th. ValuEngine downgraded shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of Norsk Hydro ASA from a sell rating to a hold rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Norsk Hydro ASA presently has a consensus rating of Hold and a consensus price target of $5.00.
Norsk Hydro ASA stock traded down $0.05 during mid-day trading on Friday, hitting $2.96. The company’s stock had a trading volume of 140,600 shares, compared to its average volume of 82,285. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 0.87. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85. The business has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.90. Norsk Hydro ASA has a 12 month low of $2.93 and a 12 month high of $6.21.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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