Orkla Asa (OTCMKTS:ORKLY) Hits New 1-Year Low – Should You Sell?

Orkla Asa (OTCMKTS:ORKLY) shares hit a new 52-week low on Thursday . The company traded as low as $9.91 and last traded at $9.94, with a volume of 34228 shares changing hands. The stock had previously closed at $10.08.

Wall Street Analyst Weigh In

Separately, UBS Group cut shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Orkla Asa Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 14.03 and a beta of 0.34. The stock’s 50 day simple moving average is $10.81 and its 200-day simple moving average is $11.67.

Orkla Asa (OTCMKTS:ORKLY) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%.

About Orkla Asa

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.