Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02, Zacks reports. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%.
Marine Harvest ASA Trading Down 1.4%
Shares of MHGVY stock traded down $0.29 during mid-day trading on Wednesday, reaching $20.92. The company’s stock had a trading volume of 13,739 shares, compared to its average volume of 20,536. The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $11.03 billion, a PE ratio of 13.16 and a beta of 0.92. The company’s 50 day simple moving average is $22.41 and its 200-day simple moving average is $22.77. Marine Harvest ASA has a 12-month low of $18.16 and a 12-month high of $24.86.
Analyst Ratings Changes
Separately, Pareto Securities raised shares of Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
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.
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