Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase – Should You Buy?

Shares of Orkla Asa (OTCMKTS:ORKLY) saw strong trading volume on Thursday. Approximately 154,706 shares traded hands during mid-day trading, an increase of 89% from the previous session’s volume of 82,028 shares. The stock last traded at $9.46 and had previously closed at $9.62.

Orkla Asa Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.27 and a beta of 0.34. The company’s 50 day moving average is $10.35 and its 200-day moving average is $11.18.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm 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 13.98% and a net margin of 9.63%.

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.