Marine Harvest ASA (OTCMKTS:MHGVY) Trading 3.1% Higher – Should You Buy?

Marine Harvest ASA (OTCMKTS:MHGVY) shares were up 3.1% during trading on Monday . The company traded as high as $23.4150 and last traded at $23.2770. Approximately 22,336 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 17,761 shares. The stock had previously closed at $22.5725.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MHGVY. Pareto Securities raised Marine Harvest ASA to a “hold” rating in a research note on Friday, January 16th. Berenberg Bank raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Barclays upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Marine Harvest ASA presently has a consensus rating of “Buy”.

Marine Harvest ASA Stock Down 0.5%

The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $23.11 and its 200-day moving average price is $22.60. The stock has a market capitalization of $12.22 billion, a PE ratio of 14.58 and a beta of 1.00.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Marine Harvest ASA had a return on equity of 12.23% and a net margin of 13.70%. Analysts forecast that Marine Harvest ASA will post 0.95 earnings per share for the current year.

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.