Marine Harvest ASA (OTCMKTS:MHGVY) Sees Strong Trading Volume – Still a Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) shares saw unusually-strong trading volume on Monday . Approximately 11,820 shares changed hands during trading, an increase of 227% from the previous session’s volume of 3,617 shares.The stock last traded at $23.94 and had previously closed at $24.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on MHGVY. Barclays upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Berenberg Bank raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Marine Harvest ASA currently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Stock Down 0.6%

The business’s fifty day moving average price is $22.83 and its 200 day moving average price is $21.31. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 27.18 and a beta of 1.02. The company has a current ratio of 2.70, a quick ratio of 0.76 and a debt-to-equity ratio of 0.55.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings data 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 business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Marine Harvest ASA had a return on equity of 12.66% and a net margin of 6.99%. On average, equities analysts expect that Marine Harvest ASA will post 0.95 EPS for the current year.

Marine Harvest ASA Company Profile

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.