Mowi ASA (OTCMKTS:MHGVY) Lowered to Hold Rating by Barclays

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) was downgraded by analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday, April 6th,Zacks.com reports.

Separately, Kepler Capital Markets raised Mowi ASA to a "strong-buy" rating in a research report on Tuesday, March 11th.

Mowi ASA Price Performance

Shares of MHGVY traded up $0.70 during mid-day trading on Friday, reaching $17.54. 66,490 shares of the company's stock were exchanged, compared to its average volume of 25,595. Mowi ASA has a 52-week low of $15.89 and a 52-week high of $20.63. 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 company has a 50-day simple moving average of $18.72 and a two-hundred day simple moving average of $18.23. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.45 and a beta of 1.21.

Mowi ASA (OTCMKTS:MHGVY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%. On average, sell-side analysts predict that Mowi ASA will post 0.95 EPS for the current fiscal year.

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.