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

Marine Harvest ASA (OTCMKTS:MHGVY) was downgraded by research analysts at Pareto Securities from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Marine Harvest ASA has an average rating of “Strong Buy”.

Marine Harvest ASA Trading Down 3.4%

Shares of MHGVY opened at $18.49 on Tuesday. Marine Harvest ASA has a fifty-two week low of $18.30 and a fifty-two week high of $24.86. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 9.83 and a beta of 0.91. The firm has a 50 day moving average price of $20.98 and a 200-day moving average price of $22.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 3.15.

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

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.