Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume - Still a Buy?

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) saw strong trading volume on Wednesday . 72,473 shares traded hands during mid-day 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 Down 1.7%

The firm has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $10.32. The company has a market capitalization of $10.43 billion, a PE ratio of 18.03 and a beta of 0.49. The company has a current ratio of 1.46, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Orkla Asa had a return on equity of 13.32% and a net margin of 9.02%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $17.53 billion.

Orkla Asa Increases Dividend

The firm 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 was Monday, April 28th. This is an increase from Orkla Asa's previous dividend of $0.40. This represents a dividend yield of 5.82%. Orkla Asa's payout ratio is 46.55%.

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.