Mowi ASA (OTCMKTS:MHGVY) Trading Up 1.5% – Here’s Why

Mowi ASA (OTCMKTS:MHGVY) shares shot up 1.5% on Thursday . The company traded as high as $18.06 and last traded at $18.06. 15,899 shares changed hands during trading, a decline of 46% from the average session volume of 29,674 shares. The stock had previously closed at $17.80.

Wall Street Analyst Weigh In

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

Mowi ASA Price Performance

The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.45 and a beta of 1.33. The company’s 50 day moving average is $17.70 and its 200-day moving average is $17.43.

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

Mowi ASA Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.1216 dividend. This is an increase from Mowi ASA’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 3rd. Mowi ASA’s payout ratio is currently 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.