SalMar ASA (OTCMKTS:SALRF) shares dropped 3% during mid-day trading on Monday . The company traded as low as $51.25 and last traded at $51.25, approximately 374 shares changed hands during trading. A decline of 25% from the average daily volume of 500 shares. The stock had previously closed at $52.85.
Several brokerages have issued reports on SALRF. Nordea Equity Research raised shares of SalMar ASA from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. DNB Markets raised shares of SalMar ASA from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. Finally, Berenberg Bank raised shares of SalMar ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.
The stock’s 50-day moving average is $49.40.
SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. It is involved in the broodfish and smolt production; and marine-phase farming, harvesting, processing, and sale of farmed salmon and white fish. The company sells its products to importers/exporters, processing companies, and retail chains through in-house sales force and/or through partners.
Read More: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for SalMar ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SalMar ASA and related companies with MarketBeat.com's FREE daily email newsletter.