Mowi ASA (OTCMKTS:MHGVY) Trading Down 0.6% – Here’s Why

Shares of Mowi ASA (OTCMKTS:MHGVY) fell 0.6% on Thursday . The stock traded as low as $17.58 and last traded at $17.65. 7,972 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 30,481 shares. The stock had previously closed at $17.75.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Mowi ASA to a “hold” rating in a report on Thursday, September 19th.

Mowi ASA Stock Performance

The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The stock’s 50-day moving average is $17.33 and its 200-day moving average is $17.48.

Mowi ASA (OTCMKTS:MHGVY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $1.44 billion for the quarter. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. Analysts anticipate that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.1216 dividend. This is a boost from Mowi ASA’s previous dividend of $0.10. The ex-dividend date was Tuesday, September 3rd. Mowi ASA’s payout ratio is 67.14%.

Mowi 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.