Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – What’s Next?

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $20.95, but opened at $19.77. Marine Harvest ASA shares last traded at $19.78, with a volume of 1,592 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MHGVY. Pareto Securities upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Kepler Capital Markets upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

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Marine Harvest ASA Stock Performance

The company’s fifty day simple moving average is $21.86 and its 200 day simple moving average is $22.64. The company has a current ratio of 2.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.50 billion, a P/E ratio of 10.60 and a beta of 0.91.

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 15.18%.

About Marine Harvest ASA

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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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