Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down - What's Next?

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $19.40, but opened at $18.53. Marine Harvest ASA shares last traded at $18.53, with a volume of 364 shares traded.

Analyst Ratings Changes

MHGVY has been the subject of a number of research reports. Kepler Capital Markets lowered shares of Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Dnb Nor Markets upgraded Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Barclays cut Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a research report on Sunday, April 6th.

Marine Harvest ASA Price Performance

The firm has a 50 day moving average price of $18.71 and a 200 day moving average price of $18.51. The stock has a market capitalization of $9.76 billion, a PE ratio of 16.30 and a beta of 1.19. The company has a current ratio of 3.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. Marine Harvest ASA had a return on equity of 14.65% and a net margin of 5.77%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.35 billion. Research analysts anticipate that Marine Harvest ASA will post 0.95 earnings per share for the current year.

Marine Harvest ASA Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a dividend of $0.123 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Tuesday, May 27th. Marine Harvest ASA's dividend payout ratio (DPR) is 73.53%.

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.