Orkla Asa (OTCMKTS:ORKLY) Sets New 52-Week High – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.8136 and last traded at $13.7050, with a volume of 17006 shares. The stock had previously closed at $13.6950.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets lowered Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Orkla Asa Price Performance

The firm has a market capitalization of $13.67 billion, a PE ratio of 12.35 and a beta of 0.43. The stock’s 50 day simple moving average is $11.86 and its two-hundred day simple moving average is $11.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.71 and a current ratio of 1.33.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Orkla Asa had a return on equity of 13.96% and a net margin of 16.06%.The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.85 billion.

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.