Marine Harvest ASA (OTCMKTS:MHGVY) Hits New 12-Month High – Here’s Why

Marine Harvest ASA (OTCMKTS:MHGVY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $22.22 and last traded at $22.21, with a volume of 6010 shares traded. The stock had previously closed at $21.84.

Marine Harvest ASA Price Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 3.12. The firm has a market cap of $11.49 billion, a P/E ratio of 31.73 and a beta of 1.22. The company has a 50-day moving average of $19.82 and a 200 day moving average of $18.96.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, sell-side analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current year.

About Marine Harvest 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.