Marine Harvest ASA (OTCMKTS:MHGVY) Trading 3.1% Higher – Still a Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) shares rose 3.1% on Monday . The stock traded as high as $23.4150 and last traded at $23.2770. Approximately 22,336 shares changed hands during trading, an increase of 26% from the average daily volume of 17,761 shares. The stock had previously closed at $22.5725.

Analyst Ratings Changes

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

Marine Harvest ASA Price Performance

The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 14.64 and a beta of 1.00. The stock’s fifty day moving average price is $23.11 and its two-hundred day moving average price is $22.59. The company has a current ratio of 2.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its earnings results 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 net margin of 13.70% and a return on equity of 12.23%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Equities research analysts expect that Marine Harvest ASA will post 0.95 EPS for the current 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.