Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a strong sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

A number of other research firms have also recently commented on NHYDY. JPMorgan Chase & Co. cut Norsk Hydro ASA from an overweight rating to an underweight rating in a research note on Monday, February 10th. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Monday, February 10th. Finally, ValuEngine raised Norsk Hydro ASA from a sell rating to a hold rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $4.00.

OTCMKTS NHYDY opened at $3.21 on Wednesday. Norsk Hydro ASA has a 12 month low of $2.93 and a 12 month high of $4.65. The stock has a market cap of $6.69 billion, a P/E ratio of 54.50, a P/E/G ratio of 3.73 and a beta of 0.97. The stock’s fifty day moving average price is $3.47 and its 200-day moving average price is $3.46. The company has a current ratio of 1.90, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

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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