Marine Harvest ASA (OTCMKTS:MHGVY) Reaches New 12-Month High – Here’s What Happened

Marine Harvest ASA (OTCMKTS:MHGVY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $23.5050 and last traded at $23.5050, with a volume of 3815 shares traded. The stock had previously closed at $23.27.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Marine Harvest ASA Price Performance

The stock has a market capitalization of $12.40 billion, a PE ratio of 27.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.70 and a quick ratio of 0.76. The stock’s 50 day moving average is $22.37 and its two-hundred day moving average is $20.76.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its earnings results on Wednesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Marine Harvest ASA had a net margin of 6.99% and a return on equity of 12.66%. As a group, sell-side analysts forecast that Marine Harvest ASA will post 0.95 earnings per share for the current fiscal year.

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.