(VIANEWS) – The Market ended the session with MAGNORA (MGN.OL) rising 9.8% to kr26.90 on Friday, after two sequential sessions in a row of gains. Oslo Børs Benchmark Index_GI rose 0.97% to kr1,213.11, following the last session’s downward trend on what was a somewhat positive trend trading session today.
MAGNORA’s last close was kr24.50, 14.19% below its 52-week high of kr28.55.
About MAGNORA
Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar photovoltaic (PV) projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
Earnings Per Share
As for profitability, MAGNORA has a trailing twelve months EPS of kr0.22.
PE Ratio
MAGNORA has a trailing twelve months price to earnings ratio of 122.27. Meaning, the purchaser of the share is investing kr122.27 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 1.29%.
Moving Average
MAGNORA’s value is way above its 50-day moving average of kr22.42 and way higher than its 200-day moving average of kr22.66.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2596.6%, now sitting on 91.7M for the twelve trailing months.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, MAGNORA’s stock is considered to be oversold (<=20).
Yearly Top and Bottom Value
MAGNORA’s stock is valued at kr26.90 at 22:33 EST, under its 52-week high of kr28.55 and way above its 52-week low of kr16.30.
More news about MAGNORA (MGN.OL).
