Orkla ASA (OTCMKTS:ORKLY) Reaches New 12-Month High – Here’s Why

Shares of Orkla ASA (OTCMKTS:ORKLY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.50 and last traded at $10.50, with a volume of 21128 shares trading hands. The stock had previously closed at $10.30.

Wall Street Analyst Weigh In

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

Orkla ASA Stock Performance

The firm has a market capitalization of $10.45 billion, a P/E ratio of 18.70 and a beta of 0.53. The firm has a 50-day moving average price of $9.51 and a two-hundred day moving average price of $9.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70.

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

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.