Orkla Asa (OTCMKTS:ORKLY) Shares Gap Up – What’s Next?

Orkla Asa (OTCMKTS:ORKLY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $10.9650, but opened at $11.39. Orkla Asa shares last traded at $11.1020, with a volume of 3,908 shares traded.

Orkla Asa Price Performance

The stock has a fifty day simple moving average of $10.13 and a 200-day simple moving average of $11.31. The company has a market capitalization of $10.94 billion, a PE ratio of 15.00 and a beta of 0.33. 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 Friday, November 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Orkla Asa had a net margin of 9.91% and a return on equity of 13.52%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion.

Orkla Asa Company Profile

Orkla ASA is a Norwegian industrial investment company focused primarily on branded consumer goods. Its portfolio includes businesses offering food, confectionery and snacks, health and personal care products, and ingredients for food producers. The company’s brands and products serve consumers and business customers through grocery, foodservice and specialty retail channels. Orkla has a strong presence in the Nordic and Baltic countries, with operations and sales in other European markets and selected markets elsewhere.