Mowi ASA (OTCMKTS:MHGVY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Mowi ASA (OTCMKTS:MHGVY) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Mowi ASA Trading Up 1.6 %

Shares of MHGVY stock opened at $18.74 on Tuesday. The business’s fifty day moving average price is $18.72 and its 200 day moving average price is $18.09. Mowi ASA has a 1-year low of $15.89 and a 1-year high of $20.63. The firm has a market capitalization of $9.69 billion, a PE ratio of 26.78, a P/E/G ratio of 2.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79.

Mowi ASA (OTCMKTS:MHGVY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, sell-side analysts forecast that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Increases Dividend

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

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.