Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – Should You Sell?

Marine Harvest ASA (OTCMKTS:MHGVY) gapped down prior to trading on Monday . The stock had previously closed at $19.8350, but opened at $19.03. Marine Harvest ASA shares last traded at $19.03, with a volume of 1,383 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MHGVY. Kepler Capital Markets upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Four equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Marine Harvest ASA Stock Performance

The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $21.14 and a 200 day moving average price of $22.43. The stock has a market cap of $10.08 billion, a P/E ratio of 10.17 and a beta of 0.91.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

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.