Marine Harvest ASA (OTCMKTS:MHGVY) Sees Strong Trading Volume – Time to Buy?

Shares of Marine Harvest ASA (OTCMKTS:MHGVY) saw strong trading volume on Wednesday . 29,342 shares were traded 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 Trading Up 0.4%

The business’s 50 day moving average price is $22.00 and its 200-day moving average price is $20.20. The company has a current ratio of 3.12, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 30.45 and a beta of 1.18.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. On average, equities analysts anticipate 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.