Orkla Asa (OTCMKTS:ORKLY) Reaches New 1-Year Low – What’s Next?

Orkla Asa (OTCMKTS:ORKLY) shares hit a new 52-week low on Thursday . The stock traded as low as $9.91 and last traded at $9.94, with a volume of 34228 shares changing hands. The stock had previously closed at $10.08.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Orkla Asa has a consensus rating of “Reduce”.

Orkla Asa Price Performance

The business has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $11.63. The firm has a market capitalization of $9.83 billion, a P/E ratio of 14.06 and a beta of 0.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.17 earnings per share 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.86 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.