Marine Harvest ASA (OTCMKTS:MHGVY) Reaches New 12-Month High – Should You Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.37 and last traded at $24.2050, with a volume of 9713 shares trading hands. The stock had previously closed at $23.66.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Berenberg Bank raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Barclays upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Finally, Pareto Securities raised Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Marine Harvest ASA Trading Up 1.8%

The company’s 50 day simple moving average is $23.21 and its two-hundred day simple moving average is $21.93. The company has a quick ratio of 0.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 28.34 and a beta of 1.02.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.30 EPS for the quarter. Marine Harvest ASA had a return on equity of 12.66% and a net margin of 6.99%. As a group, research analysts anticipate that Marine Harvest ASA will post 0.95 earnings per share for the current fiscal year.

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.