Orkla ASA (OTCMKTS:ORKLY) Sets New 12-Month High – Here’s Why

Orkla ASA (OTCMKTS:ORKLY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $10.86 and last traded at $10.67, with a volume of 20800 shares trading hands. The stock had previously closed at $10.60.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Orkla ASA Stock Up 0.7 %

The firm has a market cap of $10.65 billion, a PE ratio of 19.06 and a beta of 0.53. The stock has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $9.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70.

Orkla ASA (OTCMKTS:ORKLY) last issued its earnings results on Thursday, February 13th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.70 billion for the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.