Barclays Downgrades Mowi ASA (OTCMKTS:MHGVY) to Hold

Mowi ASA (OTCMKTS:MHGVY) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Sunday,Zacks.com reports.

Separately, Kepler Capital Markets upgraded Mowi ASA to a “strong-buy” rating in a research report on Tuesday, March 11th.

Mowi ASA Trading Down 0.7 %

Shares of MHGVY stock opened at $16.38 on Friday. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.45 and a beta of 1.21. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $18.93 and a 200 day moving average price of $18.24. Mowi ASA has a twelve month low of $15.89 and a twelve month high of $20.63.

Mowi ASA (OTCMKTS:MHGVY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%. Research analysts forecast that Mowi ASA will post 0.95 earnings per share for the current fiscal 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.