Orkla Asa (OTCMKTS:ORKLY) Hits New 52-Week Low – Time to Sell?

Shares of Orkla Asa (OTCMKTS:ORKLY) hit a new 52-week low on Tuesday . The company traded as low as $9.70 and last traded at $9.72, with a volume of 916 shares changing hands. The stock had previously closed at $9.76.

Wall Street Analyst Weigh In

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

Orkla Asa Stock Down 1.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a market capitalization of $9.58 billion, a P/E ratio of 13.70 and a beta of 0.34. The stock has a 50-day moving average price of $10.67 and a 200-day moving average price of $11.46.

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