Orkla Asa (OTCMKTS:ORKLY) Reaches New 1-Year High – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $12.99 and last traded at $12.94, with a volume of 34195 shares trading hands. The stock had previously closed at $12.75.

Orkla Asa Stock Performance

The company has a market cap of $12.91 billion, a PE ratio of 12.44 and a beta of 0.43. The business has a fifty day moving average of $11.41 and a 200-day moving average of $10.95. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33.

Orkla Asa (OTCMKTS:ORKLY) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion.

Orkla Asa Company Profile

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.