Orkla Asa (OTCMKTS:ORKLY) Stock Price Down 1.4% – Time to Sell?

Orkla Asa (OTCMKTS:ORKLY)’s stock price was down 1.4% on Wednesday . The stock traded as low as $10.97 and last traded at $10.97. 62,877 shares changed hands during trading, a decline of 28% from the average daily volume of 86,836 shares. The stock had previously closed at $11.1240.

Analyst Upgrades and Downgrades

Separately, UBS Group cut 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Orkla Asa Trading Down 1.4%

The firm has a market capitalization of $10.94 billion, a PE ratio of 9.71 and a beta of 0.34. The firm has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $11.88. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 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.