Orkla ASA (OTCMKTS:ORKLY – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $1.70 billion for the quarter. Orkla ASA had a return on equity of 12.87% and a net margin of 8.18%.
Orkla ASA Trading Down 0.4 %
OTCMKTS ORKLY traded down $0.04 on Friday, reaching $9.75. 11,855 shares of the company were exchanged, compared to its average volume of 32,886. The business’s fifty day moving average price is $8.96 and its 200 day moving average price is $9.06. The stock has a market capitalization of $9.73 billion, a P/E ratio of 18.40 and a beta of 0.59. 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 has a fifty-two week low of $6.36 and a fifty-two week high of $9.93.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised Orkla ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.
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.
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