Mowi ASA (OTCMKTS:MHGVY) Upgraded to “Buy” by Pareto Securities

Pareto Securities upgraded shares of Mowi ASA (OTCMKTS:MHGVY) from a hold rating to a buy rating in a research report sent to investors on Tuesday, The Fly reports.

A number of other research firms have also commented on MHGVY. Barclays reaffirmed an overweight rating on shares of Mowi ASA in a research note on Thursday, November 11th. Berenberg Bank raised their price objective on shares of Mowi ASA from 200.00 to 235.00 and gave the company a hold rating in a research note on Monday, November 15th. Finally, DNB Markets upgraded shares of Mowi ASA from a hold rating to a buy rating in a report on Thursday, December 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of $235.00.

OTCMKTS MHGVY opened at $23.96 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $12.39 billion, a P/E ratio of 23.72 and a beta of 1.09. Mowi ASA has a 12-month low of $21.41 and a 12-month high of $29.94. The firm has a 50-day moving average price of $24.18 and a two-hundred day moving average price of $25.75.

Mowi ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Wednesday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $1.22 billion during the quarter. Mowi ASA had a net margin of 10.70% and a return on equity of 9.95%.

The firm also recently declared a dividend, which was paid on Monday, December 6th. Shareholders of record on Monday, November 22nd were paid a dividend of $0.5196 per share. The ex-dividend date was Friday, November 19th. This is an increase from Mowi ASA’s previous dividend of $0.13. This represents a dividend yield of 1.92%. Mowi ASA’s dividend payout ratio (DPR) is 30.69%.

About Mowi ASA

Mowi ASA offers farmed salmon and processed seafood to customers worldwide. The firm also offers coated seafood, ready-to-eat meals, delicious finger food and smoked seafood. It operates through the following segments: Feed, Farming and Sales and Marketing. The Feed segment comprises first feed plant, located in Norway.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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