Orkla ASA (OTCMKTS:ORKLY) Issues Earnings Results

Orkla ASA (OTCMKTS:ORKLY) posted its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. Orkla ASA had a return on equity of 12.87% and a net margin of 8.18%.

Orkla ASA Stock Performance

ORKLY stock traded down $0.13 during mid-day trading on Thursday, reaching $9.31. The company had a trading volume of 17,282 shares, compared to its average volume of 32,886. The stock has a market capitalization of $9.29 billion, a P/E ratio of 17.57 and a beta of 0.59. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. Orkla ASA has a one year low of $6.36 and a one year high of $9.89. The stock’s 50-day simple moving average is $8.94 and its two-hundred day simple moving average is $9.04.

Analyst Ratings Changes

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

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.