Mowi ASA (OTCMKTS:MHGVY) Stock Price Up 1.5% – Still a Buy?

Mowi ASA (OTCMKTS:MHGVY) rose 1.5% during trading on Thursday . The company traded as high as $18.06 and last traded at $18.06. Approximately 15,899 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 29,674 shares. The stock had previously closed at $17.80.

Analyst Ratings Changes

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

Mowi ASA Price Performance

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 company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.45 and a beta of 1.33. The stock has a fifty day simple moving average of $17.70 and a 200-day simple moving average of $17.43.

Mowi ASA (OTCMKTS:MHGVY) last announced its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share 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%. On average, equities research analysts anticipate that Mowi ASA will post 0.95 EPS for the current year.

Mowi ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1216 per share. This is an increase from Mowi ASA’s previous dividend of $0.10. The ex-dividend date was Tuesday, September 3rd. Mowi ASA’s dividend payout ratio is presently 67.14%.

About Mowi ASA

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.