Orkla Asa (OTCMKTS:ORKLY) Shares Down 7.7% – Time to Sell?

Orkla Asa (OTCMKTS:ORKLY) shares traded down 7.7% on Thursday . The company traded as low as $11.46 and last traded at $11.46. 1,532 shares traded hands during trading, a decline of 97% from the average session volume of 53,319 shares. The stock had previously closed at $12.42.

Analyst Ratings Changes

Separately, Kepler Capital Markets downgraded shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Orkla Asa presently has an average rating of “Hold”.

Orkla Asa Stock Performance

The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 10.10 and a beta of 0.39. The company’s fifty day simple moving average is $12.40 and its 200 day simple moving average is $11.86. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.29.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Orkla Asa had a net margin of 15.69% and a return on equity of 14.12%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion.

About Orkla Asa

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.