Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Orkla Asa shares experienced a significant trading volume increase of 51%, with approximately 62,114 shares traded on Wednesday, compared to 41,077 in the previous session.
• The company reported earnings per share of $0.15 for the recent quarter, matching analysts' expectations, alongside a revenue of $1.74 billion, which was below forecasts.
• Orkla Asa has a market capitalization of $11.18 billion, a price-to-earnings ratio of 11.32, and a relatively low debt-to-equity ratio of 0.34.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 62,114 shares were traded during trading, an increase of 51% from the previous session's volume of 41,077 shares.The stock last traded at $11.21 and had previously closed at $11.18.

Orkla Asa Stock Down 1.0%

The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 11.39 and a beta of 0.45. The business's 50-day moving average is $10.92 and its 200-day moving average is $10.89.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last announced its quarterly earnings results on Monday, July 14th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $17.37 billion. Orkla Asa had a return on equity of 13.07% and a net margin of 15.14%.

About Orkla Asa

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.