Marine Harvest ASA (OTCMKTS:MHGVY) Sees Large Volume Increase – Still a Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) shares saw strong trading volume on Monday . 24,794 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 24,201 shares.The stock last traded at $18.7227 and had previously closed at $18.24.

Analyst Ratings Changes

MHGVY has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Marine Harvest ASA presently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Trading Up 0.3%

The business has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $22.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 10.06 and a beta of 0.93.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

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.