Orkla ASA (OTCMKTS:ORKLY) Trading Up 0.6% – Still a Buy?

by · The Cerbat Gem

Orkla ASA (OTCMKTS:ORKLY – Get Free Report)’s stock price shot up 0.6% on Monday . The stock traded as high as $9.03 and last traded at $8.92. 19,937 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 37,638 shares. The stock had previously closed at $8.87.

Orkla ASA Stock Performance

The company’s 50-day moving average is $9.35 and its two-hundred day moving average is $8.63. The stock has a market capitalization of $8.93 billion, a P/E ratio of 16.83 and a beta of 0.59. The company has a current ratio of 1.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35.

Orkla ASA (OTCMKTS:ORKLY – Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.17 EPS for the quarter. Orkla ASA had a return on equity of 12.95% and a net margin of 8.18%. The firm had revenue of $1.64 billion for the quarter.

Orkla ASA Company Profile

(Get Free Report)

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.

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