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

Orkla Asa (OTCMKTS:ORKLY) hit a new 52-week low on Wednesday . The company traded as low as $9.91 and last traded at $9.91, with a volume of 352385 shares changing hands. The stock had previously closed at $9.99.

Wall Street Analyst Weigh In

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

Orkla Asa Stock Performance

The stock has a market cap of $9.72 billion, a PE ratio of 13.89 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. The business has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $11.57.

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

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.