Orkla Asa (OTCMKTS:ORKLY) Issues Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its quarterly earnings results on Friday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%.

Orkla Asa Price Performance

Shares of OTCMKTS:ORKLY traded down $0.03 during trading on Friday, reaching $10.83. The stock had a trading volume of 49,036 shares, compared to its average volume of 88,263. The stock has a market capitalization of $10.67 billion, a PE ratio of 15.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.63. Orkla Asa has a 52 week low of $9.40 and a 52 week high of $13.90. The business’s 50-day moving average price is $10.02 and its 200 day moving average price is $11.33.

Orkla Asa Company Profile

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.