Marine Harvest ASA (OTCMKTS:MHGVY) Downgraded to “Hold” Rating by Pareto Securities

Pareto Securities downgraded shares of Marine Harvest ASA (OTCMKTS:MHGVY) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Separately, Kepler Capital Markets raised shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Three 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.com, the company currently has an average rating of “Strong Buy”.

Marine Harvest ASA Stock Down 3.4%

Shares of OTCMKTS MHGVY opened at $18.49 on Tuesday. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 9.83 and a beta of 0.91. Marine Harvest ASA has a 12 month low of $18.30 and a 12 month high of $24.86. The stock has a 50-day moving average price of $20.98 and a two-hundred day moving average price of $22.37.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%.

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.