Marine Harvest ASA (OTCMKTS:MHGVY) Shares Up 5.6% – Should You Buy?

by · The Markets Daily

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) shares traded up 5.6% during trading on Wednesday . The stock traded as high as $22.90 and last traded at $22.90. 9,688 shares traded hands during trading, a decline of 60% from the average session volume of 23,961 shares. The stock had previously closed at $21.69.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Marine Harvest ASA

Marine Harvest ASA Stock Performance

The firm has a 50 day simple moving average of $20.84 and a 200-day simple moving average of $21.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 16.00 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates 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

(Get Free Report)

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.

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