Marine Harvest ASA (OTCMKTS:MHGVY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Marine Harvest ASA (OTCMKTS:MHGVY) saw an uptick in trading volume on Monday . 13,575 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 17,183 shares.The stock last traded at $24.06 and had previously closed at $24.0950.

Wall Street Analysts Forecast Growth

MHGVY has been the topic of a number of analyst reports. Barclays upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Berenberg Bank raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Trading Up 0.0%

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.70 and a quick ratio of 0.76. The firm’s fifty day moving average is $22.67 and its two-hundred day moving average is $21.05. The firm has a market capitalization of $12.69 billion, a PE ratio of 28.32 and a beta of 1.04.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Marine Harvest ASA had a net margin of 6.99% and a return on equity of 12.66%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. On average, equities analysts predict that Marine Harvest ASA will post 0.95 EPS for the current fiscal year.

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.