Marine Harvest ASA (OTCMKTS:MHGVY) Stock Rating Upgraded by Pareto Securities

Marine Harvest ASA (OTCMKTS:MHGVY) was upgraded by Pareto Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Separately, Kepler Capital Markets upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday. Four analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.

Marine Harvest ASA Trading Up 2.6%

OTCMKTS MHGVY opened at $21.69 on Friday. The stock has a 50-day simple moving average of $22.26 and a 200 day simple moving average of $22.72. The company has a market capitalization of $11.44 billion, a PE ratio of 11.54 and a beta of 0.92. The company has a current ratio of 2.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. Marine Harvest ASA has a 12 month low of $18.27 and a 12 month high of $24.86.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 15.18%.

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.