Marine Harvest ASA (OTCMKTS:MHGVY) Rating Lowered to “Hold” at Kepler Capital Markets

Marine Harvest ASA (OTCMKTS:MHGVY) was downgraded by stock analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Pareto Securities lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Marine Harvest ASA Price Performance

OTCMKTS MHGVY opened at $21.10 on Monday. The stock’s 50-day moving average is $20.22 and its two-hundred day moving average is $21.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. Marine Harvest ASA has a fifty-two week low of $18.06 and a fifty-two week high of $24.86. The firm has a market cap of $11.13 billion, a P/E ratio of 11.22 and a beta of 0.92.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%.

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.