Marine Harvest ASA (OTCMKTS:MHGVY) Raised to Strong-Buy at Berenberg Bank

Marine Harvest ASA (OTCMKTS:MHGVY) was upgraded by stock analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Marine Harvest ASA Price Performance

Shares of MHGVY opened at $22.70 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.12 and a quick ratio of 0.96. The company has a market cap of $11.97 billion, a P/E ratio of 32.43 and a beta of 1.18. Marine Harvest ASA has a 12 month low of $16.14 and a 12 month high of $23.14. The stock has a fifty day moving average price of $21.97 and a 200 day moving average price of $20.37.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. Marine Harvest ASA had a return on equity of 13.98% and a net margin of 5.85%. On average, research analysts forecast that Marine Harvest ASA will post 0.95 earnings per share for the current year.

Marine Harvest ASA Company Profile

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.