Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – Should You Sell?

Marine Harvest ASA (OTCMKTS:MHGVY) shares gapped down before the market opened on Monday . The stock had previously closed at $20.95, but opened at $19.77. Marine Harvest ASA shares last traded at $19.78, with a volume of 1,592 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MHGVY shares. Pareto Securities upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Sunday, May 17th. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Marine Harvest ASA Stock Performance

The company has a market capitalization of $10.43 billion, a PE ratio of 10.52 and a beta of 0.91. The company has a 50 day moving average of $21.95 and a two-hundred day moving average of $22.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 0.93.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 15.18%.

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.