Marine Harvest ASA (OTCMKTS:MHGVY) Reaches New 1-Year High - Here's Why

Key Points

• Marine Harvest ASA reached a new 52-week high of $22.22 during trading, reflecting positive market performance despite a slight earnings miss in its recent quarterly report.
• The company reported a net revenue of $1.62 billion for the quarter, surpassing analyst estimates of $1.54 billion, although it missed EPS expectations by $0.01.
• With a market cap of $11.49 billion and a P/E ratio of 31.73, Marine Harvest ASA's financial metrics indicate solid operational stability and growth potential.

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $22.22 and last traded at $22.21, with a volume of 6010 shares traded. The stock had previously closed at $21.84.

Marine Harvest ASA Stock Down 1.3%

The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 30.99 and a beta of 1.22. The business's 50-day moving average is $20.08 and its two-hundred day moving average is $19.06. The company has a quick ratio of 0.96, a current ratio of 3.12 and a debt-to-equity ratio of 0.61.

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). The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.54 billion. Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%. Equities analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current year.

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.