Mowi ASA (OTCMKTS:MHGVY) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Mowi ASA (OTCMKTS:MHGVY) announced its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08, Zacks reports. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%.

Mowi ASA Trading Up 0.8 %

MHGVY stock opened at $19.53 on Wednesday. The business’s 50-day moving average is $18.18 and its 200 day moving average is $17.82. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $20.63. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.45 and a beta of 1.34.

About Mowi ASA

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.