Orkla Asa (OTCMKTS:ORKLY) Stock Price Down 0.9% - Time to Sell?

Key Points

• Orkla Asa's stock price decreased by 0.9%, with shares trading as low as $10.09 and closing at $10.23 on the previous day.
• The company reported a net margin of 15.14% and a return on equity of 13.07% for the last quarter, matching earnings expectations with an EPS of $0.15.
• Orkla Asa has a market capitalization of $10.21 billion and a low beta of 0.44, indicating less volatility compared to the market.

Shares of Orkla Asa (OTCMKTS:ORKLY - Get Free Report) traded down 0.9% during trading on Monday . The company traded as low as $10.09 and last traded at $10.23. 106,519 shares changed hands during trading, an increase of 75% from the average session volume of 60,875 shares. The stock had previously closed at $10.32.

Orkla Asa Stock Down 0.9%

The firm has a market cap of $10.21 billion, a P/E ratio of 10.33 and a beta of 0.44. The stock's 50 day simple moving average is $10.93 and its 200 day simple moving average is $11.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.62 and a current ratio of 1.21.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) last announced its quarterly earnings results on Monday, July 14th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $17.37 billion. Orkla Asa had a net margin of 15.14% and a return on equity of 13.07%.

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.

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