Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Up – What’s Next?

Marine Harvest ASA (OTCMKTS:MHGVY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $21.14, but opened at $22.09. Marine Harvest ASA shares last traded at $22.14, with a volume of 20,436 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Kepler Capital Markets lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Pareto Securities cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Marine Harvest ASA Trading Up 0.3%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 3.15. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 15.54 and a beta of 0.92. The company’s fifty day moving average is $20.30 and its two-hundred day moving average is $21.65.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%.

About Marine Harvest ASA

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.