Orkla Asa (OTCMKTS:ORKLY) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading volume jumped 125% to 113,538 shares on Thursday while the stock last traded at $12.97, indicating increased investor interest.
• Analyst sentiment cooled: Kepler Capital Markets downgraded Orkla from "strong-buy" to "hold" and MarketBeat shows an average rating of "Hold".
• Quarterly results beat estimates: Orkla reported $0.17 EPS vs $0.14 expected and $1.97B revenue vs $1.85B expected, with a P/E of ~11.7, ROE ~13.7% and net margin ~16.1%.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) saw an uptick in trading volume on Thursday . 113,538 shares traded hands during trading, an increase of 125% from the previous session's volume of 50,456 shares.The stock last traded at $12.97 and had previously closed at $12.81.

Analysts Set New Price Targets

Separately, Kepler Capital Markets cut Orkla Asa from a "strong-buy" rating to a "hold" rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orkla Asa has an average rating of "Hold".

Orkla Asa Stock Performance

The business has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $11.45. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $12.94 billion, a P/E ratio of 11.68 and a beta of 0.43.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.85 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.

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