(VIANEWS) – The Market ended the session with NEL (NEL.OL) rising 12.92% to kr13.55 on Thursday, after five consecutive sessions in a row of losses. Oslo Børs Benchmark Index_GI jumped 0.69% to kr1,213.16, following the last session’s upward trend on what was a somewhat positive trend exchanging session today.
NEL’s last close was kr12.00, 36.68% below its 52-week high of kr18.95.
About NEL
Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, include cars, buses, trucks, and other applications. The Nel Hydrogen Electrolyser segment supplies hydrogen production equipment based on alkaline and proton exchange membrane water electrolysis technology. It serves industry, energy, and gas companies. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, NEL has a trailing twelve months EPS of kr-0.76.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -22.33%.
Moving Average
NEL’s value is under its 50-day moving average of kr15.05 and below its 200-day moving average of kr14.54.
Sales Growth
NEL’s sales growth is 34.7% for the current quarter and 51.5% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, NEL’s stock is considered to be overbought (>=80).
More news about NEL (NEL.OL).
