Marine Harvest ASA (OTCMKTS:MHGVY) Posts Quarterly Earnings Results

Marine Harvest ASA (OTCMKTS:MHGVY) released its earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03, Zacks reports. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%.

Marine Harvest ASA Stock Performance

Shares of OTCMKTS MHGVY opened at $21.25 on Tuesday. Marine Harvest ASA has a one year low of $18.06 and a one year high of $24.86. The business’s 50-day moving average price is $20.20 and its two-hundred day moving average price is $21.69. 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 company has a market capitalization of $11.20 billion, a P/E ratio of 11.30 and a beta of 0.92.

Analyst Upgrades and Downgrades

MHGVY has been the subject of several research analyst reports. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Pareto Securities lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

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.