Orkla ASA (OTCMKTS:ORKLY) Reaches New 1-Year High – Here’s Why

Orkla ASA (OTCMKTS:ORKLY) shares reached a new 52-week high during trading on Monday . The company traded as high as $11.08 and last traded at $11.04, with a volume of 19072 shares trading hands. The stock had previously closed at $10.97.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Orkla ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Orkla ASA Trading Down 1.4 %

The stock has a fifty day moving average of $9.81 and a two-hundred day moving average of $9.37. The company has a market capitalization of $10.97 billion, a PE ratio of 19.64 and a beta of 0.53. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34.

Orkla ASA (OTCMKTS:ORKLY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.14 earnings per share for the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%. The firm had revenue of $1.70 billion during the quarter.

Orkla ASA Company Profile

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.