Orkla Asa (OTCMKTS:ORKLY – Get Free Report) saw strong trading volume on Thursday . 138,496 shares traded hands during mid-day trading, an increase of 197% from the previous session’s volume of 46,591 shares.The stock last traded at $11.0615 and had previously closed at $10.82.
Orkla Asa Stock Down 0.6%
The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.62 and a current ratio of 1.21. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 10.47 and a beta of 0.45. The business’s 50 day moving average price is $10.44 and its 200 day moving average price is $10.78.
Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Orkla Asa had a net margin of 15.49% and a return on equity of 13.45%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion.
About Orkla Asa
Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.
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