Mowi ASA (OTCMKTS:MHGVY) Downgraded to “Hold” Rating by Kepler Capital Markets

Kepler Capital Markets lowered shares of Mowi ASA (OTCMKTS:MHGVY) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Dnb Nor Markets raised Mowi ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Barclays cut shares of Mowi ASA from a “strong-buy” rating to a “hold” rating in a research report on Sunday, April 6th.

Mowi ASA Price Performance

MHGVY opened at $17.84 on Tuesday. Mowi ASA has a 52-week low of $15.89 and a 52-week high of $20.63. The company has a 50 day moving average of $18.25 and a two-hundred day moving average of $18.25. The company has a market cap of $9.23 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.45 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 3.13 and a debt-to-equity ratio of 0.58.

Mowi ASA (OTCMKTS:MHGVY) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. On average, analysts expect that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $0.1773 dividend. The ex-dividend date was Monday, February 24th. This is an increase from Mowi ASA’s previous dividend of $0.14. Mowi ASA’s dividend payout ratio is currently 54.08%.

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.