Orkla Asa (OTCMKTS:ORKLY) Releases Quarterly Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its quarterly earnings results on Friday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02, Zacks reports. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%.

Orkla Asa Stock Down 0.3%

Shares of OTCMKTS ORKLY traded down $0.03 during trading hours on Friday, hitting $10.83. 49,036 shares of the stock were exchanged, compared to its average volume of 122,753. Orkla Asa has a 12 month low of $9.40 and a 12 month high of $13.90. The firm has a fifty day moving average price of $10.03 and a 200-day moving average price of $11.32. The company has a quick ratio of 0.63, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $10.67 billion, a PE ratio of 15.14 and a beta of 0.33.

Orkla Asa Company Profile

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.