Orkla Asa (OTCMKTS:ORKLY) Trading 6.1% Higher – Time to Buy?

Orkla Asa (OTCMKTS:ORKLY)’s stock price traded up 6.1% during trading on Thursday . The stock traded as high as $13.7755 and last traded at $13.7350. 10,447 shares were traded during mid-day trading, a decline of 75% from the average session volume of 42,611 shares. The stock had previously closed at $12.94.

Orkla Asa Stock Performance

The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 13.10 and a beta of 0.43. The firm has a 50 day moving average price of $11.41 and a 200-day moving average price of $10.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.71.

Orkla Asa (OTCMKTS:ORKLY) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.

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.