Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down - Here's Why

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.99, but opened at $18.49. Marine Harvest ASA shares last traded at $18.48, with a volume of 5,469 shares trading hands.

Analyst Ratings Changes

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

Marine Harvest ASA Price Performance

The stock has a fifty day simple moving average of $18.40 and a two-hundred day simple moving average of $18.41. The company has a market cap of $9.56 billion, a PE ratio of 27.19 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 posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Marine Harvest ASA had a return on equity of 14.65% and a net margin of 5.77%. On average, equities analysts predict that Marine Harvest ASA will post 0.95 EPS for the current fiscal 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 issued a dividend of $0.123 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 27th. Marine Harvest ASA's payout ratio is currently 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.