Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – Time to Sell?

Marine Harvest ASA (OTCMKTS:MHGVY) shares 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 changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on MHGVY shares. Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a research note on Friday, January 16th. Berenberg Bank raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Barclays raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Marine Harvest ASA Trading Down 5.7%

The company has a quick ratio of 0.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average is $23.35 and its two-hundred day moving average is $22.23. The firm has a market cap of $12.33 billion, a P/E ratio of 14.71 and a beta of 1.02.

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

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.