Orkla Asa (OTCMKTS:ORKLY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Orkla Asa (OTCMKTS:ORKLY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.82 and traded as low as $10.13. Orkla Asa shares last traded at $10.20, with a volume of 130,914 shares traded.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut Orkla Asa from a “hold” rating to a “strong sell” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Orkla Asa presently has a consensus rating of “Reduce”.

Orkla Asa Trading Down 1.2%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market cap of $9.91 billion, a PE ratio of 14.17 and a beta of 0.35. The stock has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $11.69.

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

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.