Mowi ASA (OTCMKTS:MHGVY) Shares Down 0.6% – Time to Sell?

Mowi ASA (OTCMKTS:MHGVY)’s stock price traded down 0.6% on Thursday . The company 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.

Analysts Set New Price Targets

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

Mowi ASA Price Performance

The company has a market cap of $9.13 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.45 and a beta of 1.33. The company has a 50-day simple moving average of $17.33 and a 200-day simple moving average of $17.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.79 and a current ratio of 3.13.

Mowi ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $1.44 billion during the quarter. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. As a group, research analysts predict that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1216 per share. This is a positive change from Mowi ASA’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 3rd. Mowi ASA’s payout ratio is 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.