Orkla Asa (OTCMKTS:ORKLY) Shares Gap Down – What’s Next?

Orkla Asa (OTCMKTS:ORKLY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.07, but opened at $10.35. Orkla Asa shares last traded at $10.37, with a volume of 1,756 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Orkla Asa has an average rating of “Reduce”.

Orkla Asa Trading Down 6.6%

The business’s 50-day moving average is $10.84 and its two-hundred day moving average is $11.82. 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 firm has a market cap of $10.18 billion, a P/E ratio of 9.15 and a beta of 0.35.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.

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.