Orkla Asa (OTCMKTS:ORKLY) Sees Strong Trading Volume – Should You Buy?

Orkla Asa (OTCMKTS:ORKLY) shares saw an uptick in trading volume on Thursday . Approximately 95,187 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 72,844 shares.The stock last traded at $9.9440 and had previously closed at $9.8550.

Analysts Set New Price Targets

Separately, UBS Group downgraded Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Orkla Asa Stock Down 0.1%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm’s fifty day simple moving average is $10.74 and its 200 day simple moving average is $11.54. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 13.87 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

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.