Orkla ASA (OTCMKTS:ORKLY) Releases Quarterly Earnings Results

Orkla ASA (OTCMKTS:ORKLY) posted its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. Orkla ASA had a net margin of 8.18% and a return on equity of 12.87%.

Orkla ASA Price Performance

OTCMKTS ORKLY traded down $0.13 during trading hours on Thursday, hitting $9.31. The company had a trading volume of 17,282 shares, compared to its average volume of 32,886. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 1.30. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 17.57 and a beta of 0.59. Orkla ASA has a 52 week low of $6.36 and a 52 week high of $9.89. The firm has a 50 day simple moving average of $8.94 and a 200 day simple moving average of $9.04.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.