Orkla Asa (OTCMKTS:ORKLY) Stock Price Down 1.4% – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY) was down 1.4% on Wednesday . The company traded as low as $10.97 and last traded at $10.97. Approximately 62,877 shares were traded during trading, a decline of 28% from the average session volume of 86,836 shares. The stock had previously closed at $11.1240.

Wall Street Analyst Weigh In

Separately, UBS Group cut Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Orkla Asa Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The business has a 50 day moving average price of $10.87 and a 200 day moving average price of $11.87. The stock has a market capitalization of $10.70 billion, a PE ratio of 9.49 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%.

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.