Marine Harvest ASA (OTCMKTS:MHGVY) Hits New 12-Month High - What's Next?

Key Points

• Marine Harvest ASA's share price reached a new 12-month high of $22.44, reflecting an increase from its previous close of $21.96.
• The company reported quarterly earnings of $0.28 per share, slightly below the consensus estimate of $0.29, but its revenue exceeded expectations at $1.62 billion.
• Marine Harvest ASA has a market cap of $11.63 billion and a P/E ratio of 32.12, indicating a robust market presence.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $22.44 and last traded at $22.44, with a volume of 1120 shares traded. The stock had previously closed at $21.96.

Marine Harvest ASA Stock Performance

The firm's fifty day moving average price is $20.90 and its 200-day moving average price is $19.35. The company has a current ratio of 3.12, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $11.63 billion, a P/E ratio of 32.12 and a beta of 1.21.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last posted its quarterly earnings data 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). Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%.The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, research analysts forecast that Marine Harvest ASA will post 0.95 EPS for the current fiscal 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.

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