Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume – Still a Buy?

Orkla Asa (OTCMKTS:ORKLY) shares saw unusually-strong trading volume on Monday . Approximately 99,180 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 57,953 shares.The stock last traded at $10.37 and had previously closed at $10.4204.

Analyst Ratings Changes

A number of equities research analysts recently commented on ORKLY shares. Kepler Capital Markets cut shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group cut shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Orkla Asa presently has an average rating of “Reduce”.

Orkla Asa Price Performance

The company’s 50-day moving average is $12.12 and its 200-day moving average is $11.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.43 and a quick ratio of 0.81. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 9.18 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last released its earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Orkla Asa had a net margin of 15.69% and a return on equity of 14.12%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion.

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.