Lerøy Seafood Group ASA (OTC:LYSFY) Stock Rating Lowered by Nordea Equity Research

Nordea Equity Research downgraded shares of Lerøy Seafood Group ASA (OTC:LYSFY – Get Rating) from a buy rating to a hold rating in a report released on Tuesday morning, The Fly reports.

Lerøy Seafood Group ASA Stock Performance

Shares of OTC LYSFY opened at $10.48 on Tuesday. Lerøy Seafood Group ASA has a 12-month low of $8.82 and a 12-month high of $13.95. The stock has a 50 day simple moving average of $10.55 and a 200-day simple moving average of $10.52.

Lerøy Seafood Group ASA Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 16th. Shareholders of record on Thursday, May 25th will be given a $0.3075 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a yield of 2.86%.

About Lerøy Seafood Group ASA

(Get Rating)

Lerøy Seafood Group ASA produces, processes, markets, sells, and distributes seafood products worldwide. It operates in three segments: Wildcatch; Farming; and Value-Added Processing, Sales and Distribution. The company offers smoked and gravad salmon, and trout products; farmed and wild catch whole fishes; fillets and portions; ready to eat and ready to cook products; fish blocks and cubes; breaded products; pre-fried fish burgers and patties; crustaceans and molluscs; seaweeds; and other products.