Orkla Asa (OTCMKTS:ORKLY) Shares Down 1.5% – Here’s Why

Orkla Asa (OTCMKTS:ORKLY) dropped 1.5% during mid-day trading on Friday . The company traded as low as $11.95 and last traded at $12.00. Approximately 47,083 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 48,759 shares. The stock had previously closed at $12.18.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets downgraded Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Orkla Asa Stock Down 1.5%

The company has a market cap of $11.97 billion, a price-to-earnings ratio of 10.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43. The stock’s fifty day moving average is $12.48 and its two-hundred day moving average is $11.34.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.85 billion. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

About Orkla Asa

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.