Berenberg Bank Downgrades MOWI ASA/ADR (OTCMKTS:MHGVY) to Sell

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MOWI ASA/ADR (OTCMKTS:MHGVY) was downgraded by research analysts at Berenberg Bank from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Thursday, The Fly reports.

MOWI ASA/ADR stock traded down $0.12 on Thursday, hitting $16.18. 433,309 shares of the stock traded hands, compared to its average volume of 144,295. The company has a current ratio of 2.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.56. The firm has a market cap of $8.35 billion, a P/E ratio of 16.85 and a beta of 0.29. The business’s fifty day simple moving average is $20.99 and its 200 day simple moving average is $23.66. MOWI ASA/ADR has a 1 year low of $14.80 and a 1 year high of $26.37.

About MOWI ASA/ADR

Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide. The company operates through three segments: Feed, Farming, and Sales and Marketing. It is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities. The company offers whole gutted fish, including Label Rouge and organic salmon; and white fish and other seafood products, as well as fillets, steaks, cutlets, portions, loins, kebabs, and steak combos.

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