Marine Harvest ASA (OTCMKTS:MHGVY) Shares Gap Down – What’s Next?

Marine Harvest ASA (OTCMKTS:MHGVY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $23.49, but opened at $22.76. Marine Harvest ASA shares last traded at $22.51, with a volume of 418 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MHGVY shares. Barclays raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Pareto Securities raised Marine Harvest ASA to a “hold” rating in a report on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Marine Harvest ASA Price Performance

The company has a market capitalization of $11.90 billion, a PE ratio of 14.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $23.16 and its 200 day simple moving average is $22.76.

Marine Harvest ASA (OTCMKTS:MHGVY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.30 EPS 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 net margin of 13.70% and a return on equity of 12.23%. As a group, sell-side analysts predict 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.