Mowi ASA (OTCMKTS:MHGVY) Trading Down 0.5%

Mowi ASA (OTCMKTS:MHGVY) dropped 0.5% during trading on Wednesday . The stock traded as low as $17.13 and last traded at $17.18. Approximately 15,896 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 29,094 shares. The stock had previously closed at $17.26.

Mowi ASA Stock Down 0.5 %

The business’s 50-day moving average is $18.51 and its two-hundred day moving average is $17.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.97 and a current ratio of 3.15.

Mowi ASA (OTCMKTS:MHGVY) last posted its earnings results on Wednesday, February 14th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $1.54 billion during the quarter. Mowi ASA had a return on equity of 16.27% and a net margin of 7.88%. On average, equities analysts expect that Mowi ASA will post 1.31 earnings per share for the current fiscal year.

Mowi ASA Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were paid a dividend of $0.1347 per share. This is an increase from Mowi ASA’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, February 23rd. Mowi ASA’s dividend payout ratio is presently 58.06%.

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.