Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY) saw unusually-strong trading volume on Friday. Approximately 122,829 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 87,698 shares. The stock last traded at $9.7525 and had previously closed at $9.66.

Orkla Asa Price Performance

The firm has a 50-day moving average of $10.20 and a 200-day moving average of $11.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12. The firm has a market capitalization of $9.67 billion, a P/E ratio of 13.82 and a beta of 0.37.

Orkla Asa (OTCMKTS:ORKLY) last posted its earnings results on Thursday, August 20th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion.

About Orkla Asa

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.