Mowi ASA (OTCMKTS:MHGVY) Stock Price Up 1.5% – Still a Buy?

Mowi ASA (OTCMKTS:MHGVY) shot up 1.5% during trading on Thursday . The stock traded as high as $18.06 and last traded at $18.06. 15,899 shares changed hands during mid-day 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 Mowi ASA to a “hold” rating in a research note on Thursday, September 19th.

Mowi ASA Trading Up 1.5 %

The company has a 50 day moving average of $17.70 and a 200 day moving average of $17.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.45 and a beta of 1.33.

Mowi ASA (OTCMKTS:MHGVY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm 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%. On average, research analysts predict that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.1216 dividend. This is a boost from Mowi ASA’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 3rd. Mowi ASA’s dividend payout ratio is presently 67.14%.

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.