Orkla Asa (OTCMKTS:ORKLY) Stock Price Down 7.7% – Here’s Why

Orkla Asa (OTCMKTS:ORKLY)’s share price was down 7.7% during trading on Thursday . The stock traded as low as $11.46 and last traded at $11.46. Approximately 1,532 shares were traded during trading, a decline of 97% from the average daily volume of 53,319 shares. The stock had previously closed at $12.42.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets cut shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orkla Asa currently has an average rating of “Hold”.

Orkla Asa Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43. The stock’s fifty day moving average is $12.44 and its two-hundred day moving average is $11.85. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 10.32 and a beta of 0.39.

Orkla Asa Company Profile

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.