Mowi ASA (OTCMKTS:MHGVY) Declares Dividend of $0.12

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) declared a dividend on Thursday, May 22nd, investing.com reports. Stockholders of record on Wednesday, May 28th will be paid a dividend of 0.123 per share on Tuesday, June 10th. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 27th.

Mowi ASA Price Performance

Shares of MHGVY traded up $0.21 during trading hours on Tuesday, reaching $18.84. The company had a trading volume of 5,333 shares, compared to its average volume of 23,505. The firm has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $18.32. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.45 and a beta of 1.22. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $20.63.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Research analysts expect that Mowi ASA will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MHGVY shares. Barclays downgraded shares of Mowi ASA from a "strong-buy" rating to a "hold" rating in a report on Sunday, April 6th. Kepler Capital Markets downgraded shares of Mowi ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Dnb Nor Markets upgraded shares of Mowi ASA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd.

About Mowi ASA

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.