Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY) saw an uptick in trading volume on Wednesday . 115,998 shares changed hands during mid-day trading, an increase of 70% from the previous session’s volume of 68,140 shares.The stock last traded at $10.63 and had previously closed at $10.54.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Orkla Asa from a “hold” rating to a “strong sell” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Orkla Asa has an average rating of “Reduce”.

Orkla Asa Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $11.90. The company has a market capitalization of $10.71 billion, a PE ratio of 9.50 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%.

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.