Marine Harvest ASA (OTCMKTS:MHGVY) Sets New 52-Week Low – Here’s What Happened

Shares of Marine Harvest ASA (OTCMKTS:MHGVY) hit a new 52-week low on Tuesday . The stock traded as low as $18.30 and last traded at $18.35, with a volume of 908 shares traded. The stock had previously closed at $19.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MHGVY shares. Pareto Securities raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Kepler Capital Markets raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Price Performance

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 firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 9.81 and a beta of 0.91. The stock has a 50 day moving average price of $21.07 and a two-hundred day moving average price of $22.41.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion.

Marine Harvest ASA Company Profile

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.