Shares of Orkla Asa (OTCMKTS:ORKLY - Get Free Report) were down 1% during mid-day trading on Friday . The company traded as low as $10.78 and last traded at $10.83. Approximately 32,193 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 36,650 shares. The stock had previously closed at $10.93.
Orkla Asa Stock Down 1.0%
The company has a quick ratio of 0.84, a current ratio of 1.46 and a debt-to-equity ratio of 0.31. The company has a market cap of $10.80 billion, a PE ratio of 18.67 and a beta of 0.51. The stock has a 50-day moving average of $11.27 and a 200-day moving average of $10.16.
Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate 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 company also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, April 29th were paid a $0.6871 dividend. This represents a yield of 5.82%. The ex-dividend date was Monday, April 28th. This is a boost from Orkla Asa's previous dividend of $0.40. Orkla Asa's dividend payout ratio is currently 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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