Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Quarterly Earnings Results, Hits Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its earnings results on Thursday. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14, Zacks reports. The firm had revenue of $4.68 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%.

Norsk Hydro ASA Stock Up 0.3 %

Shares of NHYDY opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.88. The company has a 50-day simple moving average of $5.90 and a 200-day simple moving average of $6.05. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98. The firm has a market capitalization of $12.40 billion, a P/E ratio of 44.07, a P/E/G ratio of 0.23 and a beta of 1.53.

Wall Street Analyst Weigh In

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

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.