Austevoll Seafood ASA (OTCMKTS:ASTVF) Stock Price Up 8.6% – What’s Next?

Austevoll Seafood ASA (OTCMKTS:ASTVFGet Free Report) shares rose 8.6% during mid-day trading on Wednesday . The company traded as high as $8.8505 and last traded at $8.8505. Approximately 150 shares changed hands during trading, a decline of 72% from the average session volume of 542 shares. The stock had previously closed at $8.15.

Analyst Upgrades and Downgrades

Separately, Pareto Securities lowered Austevoll Seafood ASA to a “sell” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Austevoll Seafood ASA presently has a consensus rating of “Sell”.

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Austevoll Seafood ASA Stock Performance

The business’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $9.72.

Austevoll Seafood ASA Company Profile

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Austevoll Seafood ASA is a Norway‐based integrated seafood company engaged in the harvesting, farming, processing and marketing of seafood products. Headquartered in Austevoll, the company operates across multiple segments, including pelagic fishing, whitefish capture, salmon farming and production of feed. Its portfolio spans fresh and frozen fish products, omega-3 oils, fishmeal, and value-added seafood items supplied to retail, foodservice and industrial customers.

In its pelagic division, Austevoll Seafood targets species such as herring, blue whiting and mackerel through a modern fleet of purse seiners and trawlers operating primarily in the Northeast Atlantic.

Further Reading

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