Orkla Asa (OTCMKTS:ORKLY) Shares Gap Down – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.29, but opened at $10.76. Orkla Asa shares last traded at $11.5275, with a volume of 2,023 shares changing hands.

Orkla Asa Stock Down 0.7%

The stock has a market capitalization of $11.18 billion, a PE ratio of 10.78 and a beta of 0.45. The stock’s fifty day simple moving average is $10.56 and its 200-day simple moving average is $10.76. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33.

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

Orkla Asa Company Profile

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.