Orkla Asa (OTCMKTS:ORKLY) Issues Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its quarterly earnings results on Friday. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. Orkla Asa had a net margin of 15.14% and a return on equity of 13.07%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion.

Orkla Asa Price Performance

Shares of OTCMKTS ORKLY traded up $0.49 during midday trading on Friday, hitting $10.63. The stock had a trading volume of 49,873 shares, compared to its average volume of 45,577. The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. Orkla Asa has a 1 year low of $8.53 and a 1 year high of $12.10. The company has a market capitalization of $10.61 billion, a PE ratio of 10.74 and a beta of 0.42. The stock has a 50 day simple moving average of $10.56 and a 200-day simple moving average of $10.85.

About Orkla Asa

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.