Grieg Seafood ASA (OTCMKTS:GRGSF) Trading 7.8% Higher – What’s Next?

Grieg Seafood ASA (OTCMKTS:GRGSF)’s share price was up 7.8% on Monday . The stock traded as high as $7.33 and last traded at $7.33. Approximately 900 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 2,440 shares. The stock had previously closed at $6.7974.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded Grieg Seafood ASA from a “hold” rating to a “buy” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Grieg Seafood ASA Trading Up 7.8%

The firm’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.47.

Grieg Seafood ASA Company Profile

Grieg Seafood ASA is a Norway-based aquaculture company specializing in the farming of Atlantic salmon. The company’s core operations encompass hatchery management, sea‐based grow‐out facilities, and processing activities. By focusing on sustainable production methods and stringent quality controls, Grieg Seafood aims to deliver premium seafood products to global markets.

Headquartered in Bergen, Norway, Grieg Seafood manages operations across several key regions, including coastal sites in Norway’s Finnmark and Rogaland counties and farming licenses in British Columbia, Canada.