Marine Harvest ASA (OTCMKTS:MHGVY) Trading 0.5% Higher - Should You Buy?

Key Points

• Marine Harvest ASA's stock price rose 0.5% to $20.30 with a trading volume decline of 37% from its average session.
• Wall Street analysts have downgraded the stock from a "strong-buy" to a "hold," resulting in an average rating of "Moderate Buy."
• The company reported $1.62 billion in revenue for the last quarter, exceeding analysts' expectations, despite an EPS miss of $0.28 compared to the consensus estimate of $0.29.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report)'s stock price traded up 0.5% during mid-day trading on Wednesday . The company traded as high as $20.40 and last traded at $20.30. 8,868 shares traded hands during trading, a decline of 37% from the average session volume of 14,066 shares. The stock had previously closed at $20.20.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets cut Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Marine Harvest ASA Stock Performance

The company has a market capitalization of $10.50 billion, a PE ratio of 29.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 3.62. The company has a 50 day moving average price of $19.51 and a 200 day moving average price of $18.86.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.54 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 14.06%. Equities analysts forecast 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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