Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase – What’s Next?

Orkla Asa (OTCMKTS:ORKLY) saw strong trading volume on Thursday . Approximately 95,187 shares traded hands during trading, an increase of 31% from the previous session’s volume of 72,844 shares.The stock last traded at $9.9440 and had previously closed at $9.8550.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Orkla Asa Stock Performance

The stock has a market cap of $9.62 billion, a PE ratio of 13.75 and a beta of 0.34. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $10.69 and a 200 day moving average price of $11.50.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Orkla Asa had a return on equity of 13.85% and a net margin of 9.63%.The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion.

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.