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

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

Mowi ASA Trading Up 1.1%

Mowi ASA stock opened at $18.84 on Friday. The business has a 50 day moving average price of $18.21 and a two-hundred day moving average price of $18.31. The company has a quick ratio of 0.79, a current ratio of 3.13 and a debt-to-equity ratio of 0.58. Mowi ASA has a 12 month low of $15.89 and a 12 month high of $20.63. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.22.

Mowi ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, equities analysts forecast that Mowi ASA will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MHGVY. Kepler Capital Markets lowered shares of Mowi ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 6th. Dnb Nor Markets raised shares of Mowi ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Barclays lowered shares of Mowi ASA from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 6th.

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.