Marine Harvest ASA (OTCMKTS:MHGVY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Marine Harvest ASA (OTCMKTS:MHGVY) from a hold rating to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

Marine Harvest ASA Stock Performance

Shares of Marine Harvest ASA stock opened at $22.70 on Friday. The stock has a market cap of $11.97 billion, a PE ratio of 32.43 and a beta of 1.18. The business has a fifty day simple moving average of $21.97 and a 200-day simple moving average of $20.39. The company has a quick ratio of 0.96, a current ratio of 3.12 and a debt-to-equity ratio of 0.61. Marine Harvest ASA has a 12 month low of $16.14 and a 12 month high of $23.14.

Marine Harvest ASA (OTCMKTS:MHGVY) last posted its quarterly earnings results 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. Marine Harvest ASA had a net margin of 5.85% and a return on equity of 13.98%. On average, sell-side analysts anticipate that Marine Harvest ASA will post 0.95 EPS for the current fiscal 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.