Marine Harvest ASA (OTCMKTS:MHGVY) Hits New 1-Year High - Should You Buy?

Key Points

• Marine Harvest ASA's stock price achieved a new 52-week high, trading as high as $22.98.
• The company reported $0.28 earnings per share for the last quarter but missed expectations by $0.01, while revenue was above estimates at $1.62 billion.
• With a market capitalization of $11.87 billion, Marine Harvest ASA has a debt-to-equity ratio of 0.61 and a P/E ratio of 32.79.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $22.98 and last traded at $22.95, with a volume of 6436 shares changing hands. The stock had previously closed at $22.84.

Marine Harvest ASA Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 3.12 and a quick ratio of 0.96. The business has a 50-day moving average of $21.15 and a 200-day moving average of $19.49. The company has a market capitalization of $11.87 billion, a P/E ratio of 32.79 and a beta of 1.21.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.54 billion. Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%. On average, sell-side analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current year.

Marine Harvest ASA Company Profile

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.

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