Austevoll Seafood ASA (OTCMKTS:ASTVF) Shares Down 7.9% – Here’s Why

Shares of Austevoll Seafood ASA (OTCMKTS:ASTVFGet Free Report) dropped 7.9% during mid-day trading on Friday . The company traded as low as $8.2286 and last traded at $8.2286. 50 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 450 shares. The stock had previously closed at $8.93.

Austevoll Seafood ASA Stock Performance

The firm’s 50-day moving average price is $9.77 and its 200 day moving average price is $9.81.

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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