Marine Harvest ASA (OTCMKTS:MHGVY) Sets New 12-Month High - Time to Buy?

Key Points

• Marine Harvest ASA (OTCMKTS:MHGVY) recently hit a new 52-week high of $20.71, closing at $20.56 with a trading volume of 783 shares.
• Analyst ratings changed as Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold," although the average rating remains a "Moderate Buy."
• In its latest earnings report, Marine Harvest ASA reported revenue of $1.62 billion but missed earnings per share expectations by $0.01, with projected EPS of 0.95 for the current fiscal year.

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $20.71 and last traded at $20.56, with a volume of 783 shares. The stock had previously closed at $20.38.

Analysts Set New Price Targets

Separately, Kepler Capital Markets lowered shares of Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Marine Harvest ASA Stock Performance

The firm's 50 day moving average is $19.45 and its two-hundred day moving average is $18.84. The stock has a market capitalization of $10.67 billion, a PE ratio of 17.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 3.62.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Marine Harvest ASA had a return on equity of 14.06% and a net margin of 5.85%.The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.54 billion. As a group, research analysts predict that Marine Harvest ASA will post 0.95 earnings per share 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.