Marine Harvest ASA (OTCMKTS:MHGVY) Hits New 1-Year High – Here’s Why

Marine Harvest ASA (OTCMKTS:MHGVY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $22.98 and last traded at $22.95, with a volume of 6436 shares changing hands. The stock had previously closed at $22.84.

Marine Harvest ASA Stock Performance

The company’s fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $19.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 3.12. The stock has a market capitalization of $11.77 billion, a P/E ratio of 32.51 and a beta of 1.21.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, August 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. As a group, equities analysts forecast that Marine Harvest ASA will post 0.95 EPS for the current year.

About Marine Harvest ASA

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.