Marine Harvest ASA (OTCMKTS:MHGVY) Sees Unusually-High Trading Volume – Still a Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) shares saw unusually-strong trading volume on Wednesday . Approximately 29,342 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 17,644 shares.The stock last traded at $21.5320 and had previously closed at $21.4950.

Marine Harvest ASA Price Performance

The stock has a market capitalization of $11.14 billion, a P/E ratio of 30.77 and a beta of 1.18. The company’s 50 day simple moving average is $22.01 and its two-hundred day simple moving average is $20.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.12 and a quick ratio of 0.96.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. As a group, equities analysts expect that Marine Harvest ASA will post 0.95 EPS for the current fiscal year.

Marine Harvest ASA Company Profile

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.