Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03, Zacks reports. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%.
Marine Harvest ASA Stock Performance
MHGVY stock opened at $21.25 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 11.30 and a beta of 0.92. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The firm has a 50 day moving average of $20.20 and a two-hundred day moving average of $21.69.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on MHGVY shares. Pareto Securities lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Kepler Capital Markets upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.
About Marine Harvest ASA
Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.
Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.
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