Orkla Asa (OTCMKTS:ORKLY) Hits New 1-Year High – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY)’s stock price 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 traded. The stock had previously closed at $13.6950.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets downgraded shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Orkla Asa Stock Down 0.6%

The firm’s 50-day moving average is $11.96 and its 200 day moving average is $11.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.71.

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