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

Key Points

• Marine Harvest ASA's share price reached a new 52-week high of $21.52, closing at $21.44 with a trading volume of 3,978 shares.
• The company reported $0.28 earnings per share for the quarter, slightly missing analysts' estimates, while revenue was $1.62 billion, surpassing expectations.
• Marine Harvest ASA has a market capitalization of $11.08 billion and a current ratio of 3.12, indicating strong liquidity.

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 $21.52 and last traded at $21.44, with a volume of 3978 shares traded. The stock had previously closed at $20.62.

Marine Harvest ASA Stock Up 4.0%

The business has a 50-day simple moving average of $19.62 and a two-hundred day simple moving average of $18.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 3.12. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 30.62 and a beta of 1.22.

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 for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.54 billion. As a group, equities analysts predict 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.

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