Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Earnings Results, Misses Expectations By $0.05 EPS

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings results on Tuesday. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05), Yahoo Finance reports. The firm had revenue of $4.88 billion for the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS:NHYDY traded down $0.04 on Thursday, hitting $5.54. The company’s stock had a trading volume of 281,009 shares, compared to its average volume of 151,128. Norsk Hydro ASA has a 12 month low of $5.08 and a 12 month high of $6.98. The stock’s 50-day moving average is $6.29 and its two-hundred day moving average is $6.02. 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 market capitalization of $11.13 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 0.18 and a beta of 1.55.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, June 12th.

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.