Orkla Asa (OTCMKTS:ORKLY) Shares Down 1% - Time to Sell?

Shares of Orkla Asa (OTCMKTS:ORKLY - Get Free Report) traded down 1% during trading on Friday . The company traded as low as $10.78 and last traded at $10.83. 32,193 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 36,650 shares. The stock had previously closed at $10.93.

Orkla Asa Stock Performance

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 fifty day moving average is $11.27 and its two-hundred day moving average is $10.17. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 18.59 and a beta of 0.51.

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

Orkla Asa Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, April 29th were given a dividend of $0.6871 per share. 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 is presently 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.