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 report published on Tuesday,Zacks.com reports.

Mowi ASA Trading Up 1.6 %

OTCMKTS:MHGVY opened at $18.74 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.13 and a quick ratio of 0.79. The firm has a 50-day moving average of $18.72 and a 200-day moving average of $18.09. The company has a market cap of $9.69 billion, a PE ratio of 26.78, a PEG ratio of 2.45 and a beta of 1.35. Mowi ASA has a one year low of $15.89 and a one year high of $20.63.

Mowi ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, February 12th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. Mowi ASA had a net margin of 8.92% and a return on equity of 13.65%. As a group, equities research analysts expect that Mowi ASA will post 0.95 EPS for the current fiscal year.

Mowi ASA Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $0.1773 dividend. This is an increase from Mowi ASA’s previous dividend of $0.14. The ex-dividend date was Monday, February 24th. Mowi ASA’s dividend payout ratio is presently 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.