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

Marine Harvest ASA (OTCMKTS:MHGVY) shares traded up 5.6% during mid-day trading on Wednesday . The company traded as high as $22.90 and last traded at $22.90. 9,688 shares changed hands during mid-day 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 recently weighed in on the stock. 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 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Marine Harvest ASA Trading Up 2.2%

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

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

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.