Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – Here’s What Happened

Shares of Marine Harvest ASA (OTCMKTS:MHGVY) gapped down before the market opened on Monday . The stock had previously closed at $24.81, but opened at $23.43. Marine Harvest ASA shares last traded at $23.3960, with a volume of 695 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on MHGVY shares. Berenberg Bank raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Pareto Securities upgraded Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Finally, Barclays upgraded Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Marine Harvest ASA presently has an average rating of “Buy”.

Marine Harvest ASA Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.76 and a current ratio of 2.70. The business has a 50 day simple moving average of $23.37 and a 200-day simple moving average of $22.29. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 14.95 and a beta of 1.02.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, February 11th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.29 billion. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.85%. Equities research analysts expect that Marine Harvest ASA will post 0.95 earnings per share for the current year.

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.