Orkla Asa (OTCMKTS:ORKLY) Sets New 12-Month Low – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY) shares reached a new 52-week low on Tuesday. The company traded as low as $9.51 and last traded at $9.5250, with a volume of 11299 shares trading hands. The stock had previously closed at $9.68.

Orkla Asa Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12. The firm has a market capitalization of $9.48 billion, a P/E ratio of 13.55 and a beta of 0.34. The business has a fifty day moving average of $10.35 and a 200-day moving average of $11.18.

Orkla Asa (OTCMKTS:ORKLY) last released its earnings results on Thursday, August 20th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

Orkla Asa Company Profile

Orkla ASA is a Norway-based branded consumer goods company headquartered in Oslo. The company develops, markets and sells everyday products through established brands, primarily in the food, snacks, health and personal care, home care, and food ingredients categories.

Its portfolio includes products such as prepared foods, sauces, plant-based foods, confectionery, snacks, bakery and cooking ingredients, dietary supplements, personal care products, and household goods. Orkla sells through grocery, convenience, foodservice, pharmacy and specialty retail channels, with operations and commercial activities across the Nordic and Baltic countries, parts of Central Europe and India.

Orkla traces its origins to a mining company established in Norway in 1654 and has evolved through industrial and investment activities into a focused branded consumer goods group.