Orkla Asa (OTCMKTS:ORKLY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 72,473 shares were traded during trading, an increase of 80% from the previous session's volume of 40,159 shares.The stock last traded at $10.50 and had previously closed at $10.65.
Orkla Asa Price Performance
The stock has a market cap of $10.61 billion, a PE ratio of 18.33 and a beta of 0.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.46. The stock's 50-day moving average is $11.07 and its two-hundred day moving average is $10.31.
Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Orkla Asa had a net margin of 9.02% and a return on equity of 13.32%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $17.53 billion.
Orkla Asa Increases Dividend
The company also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, April 29th were issued a $0.6871 dividend. This is an increase from Orkla Asa's previous dividend of $0.40. The ex-dividend date was Monday, April 28th. This represents a dividend yield of 5.82%. Orkla Asa's payout ratio is presently 46.55%.
About Orkla Asa
(
Get Free Report)
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.
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