Orkla ASA (OTCMKTS:ORKLY) Sets New 12-Month High – Here’s Why

Orkla ASA (OTCMKTS:ORKLY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.33 and last traded at $10.17, with a volume of 45329 shares traded. The stock had previously closed at $10.03.

Analyst Upgrades and Downgrades

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

Orkla ASA Trading Up 1.4 %

The company has a market capitalization of $10.15 billion, a P/E ratio of 18.16 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $9.31 and its 200 day moving average price is $9.22.

Orkla ASA (OTCMKTS:ORKLY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.14 EPS for the quarter. The firm had revenue of $1.70 billion during the quarter. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%.

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.