Marine Harvest ASA (OTCMKTS:MHGVY) Trading Down 0.9% - What's Next?

Key Points

• Marine Harvest ASA's share price declined by 0.9% during trading, with the stock last traded at $19.29, representing a decrease in trading volume by 36% from its average.
• Recent analyst ratings show mixed sentiments, with Dnb Nor Markets upgrading the stock to a "strong-buy", while Kepler Capital and Barclays downgraded it to a "hold."
• The company announced a dividend payout of $0.123 per share with a yield of 2.5%, alongside a reported earnings per share of $0.31, meeting analysts' estimates.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) traded down 0.9% on Monday . The company traded as low as $19.26 and last traded at $19.29. 8,400 shares traded hands during trading, a decline of 36% from the average session volume of 13,127 shares. The stock had previously closed at $19.46.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a research note on Sunday, April 6th. Dnb Nor Markets upgraded Marine Harvest ASA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Kepler Capital Markets lowered Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

Marine Harvest ASA Trading Up 0.2%

The business has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $18.73. The company has a current ratio of 3.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 27.50 and a beta of 1.19.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.35 billion. Marine Harvest ASA had a return on equity of 14.65% and a net margin of 5.77%. As a group, equities analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current year.

Marine Harvest ASA Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a $0.123 dividend. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 250.0%. Marine Harvest ASA's dividend payout ratio (DPR) is presently 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.