Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down on Friday — the stock closed at $23.49, opened at $22.76 and last traded at $22.51 on very light volume (418 shares).
• Analysts are generally positive: Barclays upgraded MHGVY to a strong-buy, and overall there are three Strong Buy and two Hold ratings, leaving an average rating of "Buy."
• Quarterly results showed a mixed picture: the company missed EPS ($0.30 vs. $0.33 consensus) but beat revenue ($1.88B vs. $1.29B), with a market cap of $12.05B and a P/E of 14.37.

Shares of Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $23.49, but opened at $22.76. Marine Harvest ASA shares last traded at $22.51, with a volume of 418 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on MHGVY. Pareto Securities raised Marine Harvest ASA to a "hold" rating in a report on Friday, January 16th. Barclays raised Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Marine Harvest ASA Price Performance

The firm has a 50 day moving average price of $23.17 and a 200 day moving average price of $22.75. The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. The stock has a market cap of $12.05 billion, a P/E ratio of 14.37 and a beta of 1.00.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Marine Harvest ASA had a return on equity of 12.23% and a net margin of 13.70%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, analysts forecast that Marine Harvest ASA will post 0.95 EPS for the current fiscal 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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