Marine Harvest ASA (OTCMKTS:MHGVY) Lowered to “Hold” Rating by Kepler Capital Markets

Marine Harvest ASA (OTCMKTS:MHGVY) was downgraded by research analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Pareto Securities downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Marine Harvest ASA currently has an average rating of “Buy”.

Marine Harvest ASA Trading Down 0.7%

Shares of OTCMKTS:MHGVY opened at $21.10 on Monday. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. Marine Harvest ASA has a 12-month low of $18.06 and a 12-month high of $24.86. The business has a 50 day moving average of $20.22 and a two-hundred day moving average of $21.68. The company has a market capitalization of $11.13 billion, a PE ratio of 11.22 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%.

Marine Harvest ASA Company Profile

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.