Marine Harvest ASA (OTCMKTS:MHGVY) Shares Up 0.1% - Should You Buy?

Key Points

• Marine Harvest ASA's share price increased by 0.1% to close at $21.48, with trading volume significantly declining by 47% compared to the average.
• In its latest quarterly earnings report, Marine Harvest ASA posted earnings per share of $0.28, falling short of analysts' expectations of $0.29, but exceeded revenue estimates with $1.62 billion.
• The company's current financial metrics include a market capitalization of $11.11 billion, a price-to-earnings ratio of 30.69, and a return on equity of 13.98%.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report)'s share price shot up 0.1% on Tuesday . The company traded as high as $21.53 and last traded at $21.48. 7,150 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 13,371 shares. The stock had previously closed at $21.46.

Marine Harvest ASA Price Performance

The stock's 50 day moving average price is $20.60 and its two-hundred day moving average price is $19.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.12 and a quick ratio of 0.96. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 30.69 and a beta of 1.21.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%.The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current 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.

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