Orkla Asa (OTCMKTS:ORKLY) Hits New 1-Year Low – Should You Sell?

Orkla Asa (OTCMKTS:ORKLY)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.91 and last traded at $9.94, with a volume of 34228 shares. The stock had previously closed at $10.08.

Analyst Ratings Changes

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

Orkla Asa Stock Performance

The firm’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $11.67. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 14.03 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%.

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.