HSBC downgraded shares of Norsk Hydro ASA (NASDAQ:NHYDY) from an overweight rating to a neutral rating in a research note released on Tuesday morning, Analyst Ratings.Net reports.
Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Norsk Hydro ASA from a sell rating to a neutral rating in a research note to investors on Wednesday, July 10th.
Norsk Hydro ASA (NASDAQ: NHYDY) traded down 1.65% on Tuesday, hitting $4.18. Norsk Hydro ASA has a 52-week low of $3.76 and a 52-week high of $5.25. The stock’s 50-day moving average is currently $4.23. The company’s market cap is $8.519 billion.
Norsk Hydro ASA is a Norway-based aluminium company engaged in all activities along the aluminium industry’s value chain.
