Orkla Asa (OTCMKTS:ORKLY) Trading Up 0.9% - Should You Buy?

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) rose 0.9% during mid-day trading on Monday . The stock traded as high as $10.96 and last traded at $10.91. Approximately 29,115 shares traded hands during mid-day 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 0.3%

The firm's 50-day moving average is $10.84 and its 200-day moving average is $10.68. The company has a current ratio of 1.21, a quick ratio of 0.62 and a debt-to-equity ratio of 0.34. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 11.15 and a beta of 0.46.

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

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.