Orkla Asa (OTCMKTS:ORKLY) Shares Gap Up – Should You Buy?

Orkla Asa (OTCMKTS:ORKLY) gapped up before the market opened on Friday. The stock had previously closed at $10.9650, but opened at $11.39. Orkla Asa shares last traded at $11.1020, with a volume of 3,908 shares changing hands.

Orkla Asa Stock Performance

The business’s fifty day moving average is $10.11 and its two-hundred day moving average is $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 stock has a market capitalization of $10.96 billion, a PE ratio of 15.04 and a beta of 0.33.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. Orkla Asa had a net margin of 9.91% and a return on equity of 13.52%.

About Orkla Asa

Orkla ASA is a Norwegian industrial investment company focused primarily on branded consumer goods. Its portfolio includes businesses offering food, confectionery and snacks, health and personal care products, and ingredients for food producers. The company’s brands and products serve consumers and business customers through grocery, foodservice and specialty retail channels. Orkla has a strong presence in the Nordic and Baltic countries, with operations and sales in other European markets and selected markets elsewhere.