Orkla Asa (OTCMKTS:ORKLY) Trading 0.9% Higher - What's Next?

Key Points

• Orkla Asa's share price increased by 0.9%, reaching $10.91 in mid-day trading, with a total of 29,115 shares exchanged, marking a 37% decline in volume from the average.
• The company reported a quarterly earnings per share (EPS) of $0.15, meeting analyst expectations, with revenue recorded at $1.74 billion.
• Orkla Asa has a market capitalization of $10.89 billion and maintains a debt-to-equity ratio of 0.34, indicating strong financial health.

Orkla Asa (OTCMKTS:ORKLY - Get Free Report) was up 0.9% on Monday . The company traded as high as $10.96 and last traded at $10.91. Approximately 29,115 shares changed hands during trading, a decline of 37% from the average daily volume of 46,459 shares. The stock had previously closed at $10.81.

Orkla Asa Trading Up 0.1%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.62 and a current ratio of 1.21. The company has a 50 day moving average of $10.85 and a two-hundred day moving average of $10.66. The stock has a market cap of $10.98 billion, a PE ratio of 11.12 and a beta of 0.46.

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

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.