Orkla Asa (OTCMKTS:ORKLY) Hits New 12-Month High – Here’s Why

Orkla Asa (OTCMKTS:ORKLY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.13 and last traded at $12.0990, with a volume of 11609 shares traded. The stock had previously closed at $11.91.

Orkla Asa Trading Up 1.8%

The firm has a market cap of $11.93 billion, a PE ratio of 11.65 and a beta of 0.43. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $10.87.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Orkla Asa had a net margin of 15.49% and a return on equity of 13.29%.

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.