Marine Harvest ASA (OTCMKTS:MHGVY) Hits New 52-Week High - Here's Why

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.

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) hit a new 52-week high during mid-day trading 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 1.5%

The company has a quick ratio of 0.96, a current ratio of 3.12 and a debt-to-equity ratio of 0.61. The company has a market cap of $11.46 billion, a PE ratio of 31.65 and a beta of 1.22. The stock has a 50-day moving average of $19.75 and a 200-day moving average of $18.94.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last posted 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 firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. Sell-side analysts predict that Marine Harvest ASA will post 0.95 earnings per share for the current fiscal 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.