Orkla Asa (OTCMKTS:ORKLY) Sees Strong Trading Volume – Should You Buy?

Orkla Asa (OTCMKTS:ORKLY) shares saw unusually-high trading volume on Wednesday . 109,520 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 75,903 shares.The stock last traded at $9.65 and had previously closed at $9.66.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of 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.com, Orkla Asa presently has an average rating of “Reduce”.

Orkla Asa Stock Performance

The stock has a market capitalization of $9.49 billion, a P/E ratio of 13.56 and a beta of 0.34. The stock has a 50 day moving average of $10.58 and a 200 day moving average of $11.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

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

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.