Mowi ASA (OTCMKTS:MHGVY – Get Free Report) 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.
View Our Latest Stock Analysis on Mowi ASA
Mowi ASA Price Performance
Mowi ASA (OTCMKTS:MHGVY – Get Free Report) 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.
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