Marine Harvest ASA (OTCMKTS:MHGVY) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Marine Harvest ASA (OTCMKTS:MHGVY) posted its earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02, Zacks reports. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%.

Marine Harvest ASA Stock Down 1.6%

MHGVY stock traded down $0.33 during midday trading on Wednesday, hitting $20.88. The stock had a trading volume of 25,411 shares, compared to its average volume of 20,685. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 0.93. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 13.13 and a beta of 0.92. The business has a 50-day moving average of $22.41 and a two-hundred day moving average of $22.77. Marine Harvest ASA has a 52-week low of $18.16 and a 52-week high of $24.86.

Wall Street Analyst Weigh In

Separately, Pareto Securities raised Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Marine Harvest ASA currently 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.