Orkla ASA (OTCMKTS:ORKLY) Reaches New 12-Month High – Here’s What Happened

Orkla ASA (OTCMKTS:ORKLY) hit a new 52-week high during trading on Monday . The stock traded as high as $10.00 and last traded at $9.81, with a volume of 10173 shares. The stock had previously closed at $9.66.

Wall Street Analyst Weigh In

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

Orkla ASA Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. The firm’s 50 day moving average price is $9.02 and its 200 day moving average price is $9.11. The stock has a market capitalization of $9.79 billion, a P/E ratio of 17.52 and a beta of 0.59.

Orkla ASA (OTCMKTS:ORKLY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.14 EPS for the quarter. The business 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%.

About Orkla ASA

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.