Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Up – What’s Next?

Marine Harvest ASA (OTCMKTS:MHGVY) gapped up before the market opened on Monday . The stock had previously closed at $21.14, but opened at $22.09. Marine Harvest ASA shares last traded at $22.14, with a volume of 20,436 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Kepler Capital Markets downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Pareto Securities cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Marine Harvest ASA Price Performance

The stock has a market capitalization of $11.63 billion, a PE ratio of 15.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02. The stock’s fifty day moving average is $20.30 and its 200-day moving average is $21.65.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Marine Harvest ASA had a net margin of 11.19% and a return on equity of 11.78%.

About Marine Harvest ASA

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.