Orkla ASA (OTCMKTS:ORKLY) Sets New 52-Week High – Should You Buy?

Orkla ASA (OTCMKTS:ORKLY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $10.33 and last traded at $10.17, with a volume of 45329 shares changing hands. The stock had previously closed at $10.03.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Orkla ASA Stock Performance

The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 18.27 and a beta of 0.53. The stock’s 50 day moving average is $9.34 and its 200 day moving average is $9.23. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34.

Orkla ASA (OTCMKTS:ORKLY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.14 EPS for the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%. The business had revenue of $1.70 billion for the quarter.

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.