Mowi ASA (OTCMKTS:MHGVY) Issues Earnings Results

Mowi ASA (OTCMKTS:MHGVY) issued its earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08, Zacks reports. Mowi ASA had a return on equity of 13.65% and a net margin of 8.92%.

Mowi ASA Price Performance

Mowi ASA stock opened at $19.67 on Friday. 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 50-day moving average price of $18.20 and a 200 day moving average price of $17.83. Mowi ASA has a 12-month low of $15.89 and a 12-month high of $20.63. The stock has a market cap of $10.17 billion, a P/E ratio of 28.10, a PEG ratio of 2.45 and a beta of 1.34.

Mowi ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a $0.1773 dividend. The ex-dividend date of this dividend 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 currently 44.44%.

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.