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 morning,Zacks.com reports.

Mowi ASA Stock Up 1.6 %

MHGVY opened at $18.74 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 3.13 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.45 and a beta of 1.35. Mowi ASA has a twelve month low of $15.89 and a twelve month high of $20.63. The company’s 50-day moving average price is $18.72 and its two-hundred day moving average price is $18.09.

Mowi ASA (OTCMKTS:MHGVY) last released its earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts expect that Mowi ASA will post 0.95 earnings per share for the current year.

Mowi ASA Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a dividend of $0.1773 per share. This is a boost 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.