Orkla Asa (OTCMKTS:ORKLY) Reaches New 52-Week Low – Here’s Why

Orkla Asa (OTCMKTS:ORKLY)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $9.51 and last traded at $9.5250, with a volume of 11299 shares. The stock had previously closed at $9.68.

Orkla Asa Stock Down 1.5%

The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 13.43 and a beta of 0.34. The business has a fifty day simple moving average of $10.41 and a two-hundred day simple moving average of $11.21. The company has a quick ratio of 0.63, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last issued its earnings results on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

About Orkla Asa

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.