Mowi ASA (OTCMKTS:MHGVY) Rating Lowered to Hold at Kepler Capital Markets

Mowi ASA (OTCMKTS:MHGVY) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Barclays cut Mowi ASA from a “strong-buy” rating to a “hold” rating in a report on Sunday, April 6th. Dnb Nor Markets raised Mowi ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd.

Mowi ASA Stock Performance

OTCMKTS:MHGVY opened at $18.01 on Tuesday. Mowi ASA has a 1-year low of $15.89 and a 1-year high of $20.63. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.45 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The firm’s fifty day moving average price is $18.26 and its 200 day moving average price is $18.25.

Mowi ASA (OTCMKTS:MHGVY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. On average, sell-side analysts expect that Mowi ASA will post 0.95 EPS for the current year.

Mowi 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.