Marine Harvest ASA (OTCMKTS:MHGVY) Downgraded by Kepler Capital Markets to “Hold”

Kepler Capital Markets lowered shares of Marine Harvest ASA (OTCMKTS:MHGVY) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Separately, Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Marine Harvest ASA Stock Performance

Shares of MHGVY stock opened at $21.10 on Monday. The business’s 50-day moving average price is $20.22 and its 200-day moving average price is $21.68. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 11.22 and a beta of 0.92. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Marine Harvest ASA had a return on equity of 11.68% 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.