Mowi ASA (OTCMKTS:MHGVY) Announces Earnings Results

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

OTCMKTS:MHGVY traded up $0.34 during mid-day trading on Friday, hitting $20.01. The company's stock had a trading volume of 36,098 shares, compared to its average volume of 29,470. Mowi ASA has a fifty-two week low of $15.89 and a fifty-two week high of $20.63. The company has a current ratio of 3.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.45 and a beta of 1.34. The stock has a fifty day moving average of $18.25 and a 200-day moving average of $17.88.

Mowi ASA Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a $0.1773 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Mowi ASA's previous dividend of $0.14. Mowi ASA's dividend payout ratio is 54.08%.

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.