Marine Harvest ASA (OTCMKTS:MHGVY) Posts Quarterly Earnings Results

Marine Harvest ASA (OTCMKTS:MHGVY) issued its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, Zacks reports. Marine Harvest ASA had a net margin of 6.99% and a return on equity of 12.66%.

Marine Harvest ASA Trading Up 2.5%

MHGVY stock traded up $0.59 during trading on Wednesday, reaching $24.25. The company had a trading volume of 5,468 shares, compared to its average volume of 13,477. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.70 and a quick ratio of 0.76. Marine Harvest ASA has a 52 week low of $16.14 and a 52 week high of $24.30. The business has a 50 day moving average of $23.21 and a 200 day moving average of $21.93. The company has a market cap of $12.79 billion, a P/E ratio of 28.53 and a beta of 1.02.

Analyst Ratings Changes

MHGVY has been the topic of a number of recent research reports. Barclays raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Berenberg Bank raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Pareto Securities raised shares of Marine Harvest ASA to a “hold” rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Marine Harvest ASA 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.