Marine Harvest ASA (OTCMKTS:MHGVY) Issues 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 analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.

Marine Harvest ASA Stock Down 0.7%

OTCMKTS MHGVY opened at $21.10 on Wednesday. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The company has a market capitalization of $11.13 billion, a P/E ratio of 11.22 and a beta of 0.92. The company’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $21.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.15 and a quick ratio of 1.02.

Wall Street Analyst Weigh In

MHGVY has been the topic of a number of research reports. Pareto Securities downgraded Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets cut Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

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.