Norsk Hydro ASA (OTCMKTS:NHYDY) Reaches New 1-Year High – Here’s What Happened

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.9499 and last traded at $8.83, with a volume of 148039 shares changing hands. The stock had previously closed at $8.86.

Analyst Ratings Changes

Several analysts have weighed in on NHYDY shares. Danske upgraded shares of Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research note on Tuesday, December 16th. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Zacks Research lowered Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Norsk Hydro ASA Stock Performance

The stock has a market capitalization of $18.10 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.27 and a beta of 1.15. The company’s 50-day moving average is $7.83 and its two-hundred day moving average is $7.05. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.