Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY) shares saw unusually-high trading volume on Monday . Approximately 99,180 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 57,953 shares.The stock last traded at $10.37 and had previously closed at $10.4204.

Analyst Upgrades and Downgrades

ORKLY has been the topic of several research reports. UBS Group lowered shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. Kepler Capital Markets lowered shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orkla Asa presently has an average rating of “Reduce”.

Orkla Asa Price Performance

The company has a market cap of $10.35 billion, a PE ratio of 9.18 and a beta of 0.34. The business’s 50 day moving average price is $12.12 and its 200-day moving average price is $11.91. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.29.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. Orkla Asa had a net margin of 15.69% and a return on equity of 14.12%.

About Orkla Asa

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.