Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase – Should You Buy?

Shares of Orkla Asa (OTCMKTS:ORKLY) saw an uptick in trading volume on Thursday. Approximately 154,706 shares were traded during trading, an increase of 89% from the previous session’s volume of 82,028 shares. The stock last traded at $9.46 and had previously closed at $9.62.

Orkla Asa Stock Performance

The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 13.27 and a beta of 0.34. The stock’s 50 day moving average is $10.35 and its 200 day moving average is $11.18. The company has a current ratio of 1.12, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.