Orkla Asa (OTCMKTS:ORKLY) Shares Down 1.4% – What’s Next?

Orkla Asa (OTCMKTS:ORKLY)’s share price traded down 1.4% on Wednesday . The company traded as low as $10.97 and last traded at $10.97. Approximately 62,877 shares traded hands during trading, a decline of 28% from the average session volume of 86,836 shares. The stock had previously closed at $11.1240.

Wall Street Analyst Weigh In

Separately, UBS Group cut 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 given a Sell rating to the company. Based on data from MarketBeat, Orkla Asa presently has a consensus rating of “Reduce”.

Orkla Asa Stock Performance

The business’s 50-day moving average price is $10.89 and its 200-day moving average price is $11.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market cap of $10.94 billion, a P/E ratio of 9.71 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 EPS for the quarter, hitting the consensus estimate of $0.18. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 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.