Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY) saw unusually-high trading volume on Wednesday . Approximately 109,520 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 75,903 shares.The stock last traded at $9.65 and had previously closed at $9.66.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of 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. According to MarketBeat.com, Orkla Asa currently has a consensus rating of “Reduce”.

Orkla Asa Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9.52 billion, a P/E ratio of 13.61 and a beta of 0.34. The company’s 50 day moving average price is $10.64 and its two-hundred day moving average price is $11.43.

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

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.