Nordea Equity Research Lowers Lerøy Seafood Group ASA (OTC:LYSFY) to Hold

Nordea Equity Research cut shares of Lerøy Seafood Group ASA (OTC:LYSFY – Get Rating) from a buy rating to a hold rating in a research report released on Tuesday, The Fly reports.

Lerøy Seafood Group ASA Price Performance

OTC LYSFY opened at $10.48 on Tuesday. Lerøy Seafood Group ASA has a 1-year low of $8.82 and a 1-year high of $13.95. The business has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.52.

Lerøy Seafood Group ASA Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 16th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.3075 per share. This represents a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, May 24th.

About Lerøy Seafood Group ASA

(Get Rating)

Lerøy Seafood Group ASA produces, processes, markets, sells, and distributes seafood products worldwide. It operates in three segments: Wildcatch; Farming; and Value-Added Processing, Sales and Distribution. The company offers smoked and gravad salmon, and trout products; farmed and wild catch whole fishes; fillets and portions; ready to eat and ready to cook products; fish blocks and cubes; breaded products; pre-fried fish burgers and patties; crustaceans and molluscs; seaweeds; and other products.