Marine Harvest ASA (OTCMKTS:MHGVY) Trading 1.2% Higher - Here's What Happened

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) shares were up 1.2% during trading on Friday . The stock traded as high as $19.24 and last traded at $19.11. Approximately 9,146 shares changed hands during trading, a decline of 58% from the average daily volume of 21,921 shares. The stock had previously closed at $18.88.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Dnb Nor Markets upgraded shares of Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Kepler Capital Markets lowered Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Barclays cut Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a research report on Sunday, April 6th.

Marine Harvest ASA Stock Performance

The firm has a fifty day simple moving average of $18.62 and a 200 day simple moving average of $18.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.62 and a quick ratio of 1.03. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 28.19 and a beta of 1.19.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. Marine Harvest ASA had a return on equity of 14.65% and a net margin of 5.77%. On average, sell-side analysts expect that Marine Harvest ASA will post 0.95 earnings per share for the current fiscal year.

Marine Harvest ASA Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.123 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 27th. Marine Harvest ASA's payout ratio is presently 73.53%.

About Marine Harvest ASA

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.