Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05, Zacks reports. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.74%.
Marine Harvest ASA Stock Up 0.2%
MHGVY stock traded up $0.06 during midday trading on Wednesday, hitting $23.53. The stock had a trading volume of 2,958 shares, compared to its average volume of 24,496. The business has a 50-day moving average of $21.98 and a two-hundred day moving average of $21.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.32 and a quick ratio of 1.11. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 16.57 and a beta of 0.85. Marine Harvest ASA has a 52-week low of $18.06 and a 52-week high of $24.86.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MHGVY. The Goldman Sachs Group raised shares of Marine Harvest ASA to a “hold” rating in a research report on Friday, October 2nd. Kepler Capital Markets cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Marine Harvest ASA
About Marine Harvest ASA
Marine Harvest ASA was a Norway-based seafood company focused on the farming, processing and sale of Atlantic salmon. Its operations included hatcheries, marine fish farms, processing facilities and seafood distribution, supporting an integrated value chain from egg production through finished food products.
The company marketed fresh and prepared salmon products to retailers, food-service operators and other customers in international markets. Its activities historically covered major salmon-farming regions including Norway, Scotland, Chile, Canada, Ireland and the Faroe Islands, with products sold across Europe, the Americas and Asia.
Marine Harvest changed its name to Mowi ASA in 2019, adopting the name associated with one of its historical salmon brands.
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