Orkla ASA (OTCMKTS:ORKLY - Get Free Report)'s stock price traded up 0.4% on Friday . The stock traded as high as $11.45 and last traded at $11.45. 46,095 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 40,677 shares. The stock had previously closed at $11.41.
Orkla ASA Stock Down 1.1%
The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.32 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The business's 50-day moving average is $11.19 and its two-hundred day moving average is $9.98.
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 analysts' consensus estimates of $0.14 by $0.01. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $17.53 billion.
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 issued a $0.6871 dividend. This is a boost from Orkla ASA's previous dividend of $0.40. This represents a yield of 5.82%. The ex-dividend date was Monday, April 28th. Orkla ASA's dividend payout ratio is presently 46.55%.
About Orkla ASA
(
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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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