Marine Harvest ASA (OTCMKTS:MHGVY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Marine Harvest ASA (OTCMKTS:MHGVY) announced its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), reports. Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%.The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion.

Marine Harvest ASA Price Performance

OTCMKTS MHGVY opened at $22.01 on Friday. The company has a current ratio of 3.12, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Marine Harvest ASA has a 1 year low of $16.14 and a 1 year high of $23.14. The company has a market cap of $11.38 billion, a PE ratio of 31.44 and a beta of 1.18. The stock’s 50-day moving average price is $21.77 and its two-hundred day moving average price is $19.95.

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.