Orkla ASA (OTCMKTS:ORKLY) Trading 0.4% Higher - Time to Buy?

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

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.