Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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 Performance
OTCMKTS:MHGVY traded down $0.03 during mid-day trading on Wednesday, hitting $23.44. 3,164 shares of the company’s stock traded hands, compared to its average volume of 24,497. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 16.50 and a beta of 0.85. The firm has a 50 day moving average of $21.98 and a two-hundred day moving average of $21.78. The company has a current ratio of 3.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.
Analysts Set New Price Targets
Several research firms have commented on MHGVY. Kepler Capital Markets cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. The Goldman Sachs Group upgraded shares of Marine Harvest ASA to a “hold” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis 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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