Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down pre-market from $22.68 to $21.7050 on Monday, with just 892 shares trading at the open.
• Analyst sentiment is positive overall—three analysts rate the stock as Strong Buy and two as Hold, giving an average rating of "Buy" after recent upgrades from Barclays and Berenberg.
• In the latest quarter the company missed EPS ($0.30 vs. $0.33 est.) but beat on revenue ($1.88B vs. $1.29B); Marine Harvest has a $11.4B market cap and a P/E of 13.6.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $22.68, but opened at $21.7050. Marine Harvest ASA shares last traded at $21.7050, with a volume of 892 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays raised Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 16th. Pareto Securities upgraded Marine Harvest ASA to a "hold" rating in a research note on Friday, January 16th. Finally, Berenberg Bank raised Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a report on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy".

Marine Harvest ASA Price Performance

The stock's 50-day moving average is $23.09 and its 200 day moving average is $22.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 2.93. The stock has a market capitalization of $11.40 billion, a PE ratio of 13.60 and a beta of 1.00.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.29 billion. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%. As a group, equities analysts expect that Marine Harvest ASA will post 0.95 earnings per share for the current year.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest's product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.

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