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

Orkla Asa (OTCMKTS:ORKLY)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $9.70 and last traded at $9.72, with a volume of 916 shares trading hands. The stock had previously closed at $9.76.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Orkla Asa Price Performance

The firm has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $11.46. The company has a market cap of $9.58 billion, a P/E ratio of 13.70 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 announced its quarterly earnings data 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 analysts’ expectations of $1.86 billion. Orkla Asa had a return on equity of 13.85% and a net margin of 9.63%.

About Orkla Asa

Orkla ASA is a Norway-based branded consumer goods company and investment group headquartered in Oslo. The company develops, markets and sells everyday products through a portfolio of businesses serving consumers and professional customers primarily in the Nordic and Baltic countries, as well as selected markets in Europe and other regions.

Orkla’s activities span food and beverages, confectionery and snacks, food ingredients, personal care, health products and household goods. Its portfolio includes a range of local and international brands distributed through grocery stores, specialty retailers, food-service channels and other sales outlets.