Austevoll Seafood ASA (ASTVF) Expected to Post Quarterly Earnings on Wednesday

Austevoll Seafood ASA (OTCMKTS:ASTVF) is projected to announce its results before the market opens on Wednesday, August 19th. Analysts expect Austevoll Seafood ASA to post earnings of $0.1704 per share and revenue of $992.4440 million for the quarter.

Austevoll Seafood ASA Stock Performance

Shares of ASTVF stock opened at $8.85 on Wednesday. The firm’s 50 day moving average price is $8.64 and its 200-day moving average price is $9.64. Austevoll Seafood ASA has a one year low of $8.15 and a one year high of $11.00.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities cut Austevoll Seafood ASA to a “sell” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Austevoll Seafood ASA

Austevoll Seafood ASA is a Norway‐based integrated seafood company engaged in the harvesting, farming, processing and marketing of seafood products. Headquartered in Austevoll, the company operates across multiple segments, including pelagic fishing, whitefish capture, salmon farming and production of feed. Its portfolio spans fresh and frozen fish products, omega-3 oils, fishmeal, and value-added seafood items supplied to retail, foodservice and industrial customers.

In its pelagic division, Austevoll Seafood targets species such as herring, blue whiting and mackerel through a modern fleet of purse seiners and trawlers operating primarily in the Northeast Atlantic.