Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Orkla Asa (OTCMKTS:ORKLY) saw an uptick in trading volume on Thursday . Approximately 95,187 shares traded hands during trading, an increase of 31% from the previous session’s volume of 72,844 shares.The stock last traded at $9.9440 and had previously closed at $9.8550.

Wall Street Analyst Weigh In

Separately, UBS Group cut Orkla Asa from a “hold” rating to a “strong sell” rating in a research note 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 stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Orkla Asa Trading Down 0.1%

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’s 50-day moving average is $10.74 and its two-hundred day moving average is $11.54. The firm has a market cap of $9.71 billion, a P/E ratio of 13.87 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations 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.