Mowi ASA (OTCMKTS:MHGVY) Stock Price Down 0.6% – Should You Sell?

Shares of Mowi ASA (OTCMKTS:MHGVY) traded down 0.6% on Thursday . The stock traded as low as $17.58 and last traded at $17.65. 7,972 shares were traded during trading, a decline of 74% from the average session volume of 30,481 shares. The stock had previously closed at $17.75.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded Mowi ASA to a “hold” rating in a report on Thursday, September 19th.

Mowi ASA Stock Up 1.5 %

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 company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.45 and a beta of 1.33. The business has a 50 day simple moving average of $17.40 and a 200 day simple moving average of $17.47.

Mowi ASA (OTCMKTS:MHGVY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business 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%. As a group, equities analysts predict that Mowi ASA will post 0.95 earnings per share for the current fiscal year.

Mowi ASA Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1216 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from Mowi ASA’s previous dividend of $0.10. Mowi ASA’s payout ratio is presently 67.14%.

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.