Mowi ASA (OTCMKTS:MHGVY) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Mowi ASA (OTCMKTS:MHGVY) issued its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08, Zacks reports. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%.

Mowi ASA Trading Up 0.8 %

OTCMKTS MHGVY traded up $0.16 on Wednesday, hitting $19.53. 8,784 shares of the company were exchanged, compared to its average volume of 30,940. 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 has a twelve month low of $15.89 and a twelve month high of $20.63. The firm has a market capitalization of $10.10 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The company’s 50 day moving average price is $18.18 and its 200-day moving average price is $17.82.

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.