Orkla Asa (OTCMKTS:ORKLY) Sees Strong Trading Volume - Time to Buy?

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 72,473 shares changed hands 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 Stock Up 0.0%

The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 18.36 and a beta of 0.49. The business's 50 day moving average price is $11.05 and its 200 day moving average price is $10.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.46.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $17.53 billion. Orkla Asa had a net margin of 9.02% and a return on equity of 13.32%.

Orkla Asa Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, April 29th were paid a $0.6871 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a yield of 5.82%. This is a boost from Orkla Asa's previous dividend of $0.40. Orkla Asa's dividend payout ratio (DPR) is currently 46.55%.

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.