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 analysts’ consensus estimates of $0.30 by $0.02, Zacks reports. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 15.18%.The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion.
Marine Harvest ASA Stock Performance
Shares of MHGVY stock traded up $0.22 during trading hours on Friday, reaching $21.10. 17,957 shares of the company’s stock were exchanged, compared to its average volume of 20,903. Marine Harvest ASA has a fifty-two week low of $18.27 and a fifty-two week high of $24.86. The stock has a market capitalization of $11.13 billion, a P/E ratio of 11.22 and a beta of 0.92. The business has a fifty day moving average price of $22.33 and a 200-day moving average price of $22.74. The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69.
Analyst Ratings Changes
Separately, Pareto Securities upgraded Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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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