Orkla Asa (OTCMKTS:ORKLY) Sets New 12-Month Low – Time to Sell?

Shares of Orkla Asa (OTCMKTS:ORKLY) reached a new 52-week low on Wednesday . The company traded as low as $9.91 and last traded at $9.91, with a volume of 352385 shares trading hands. The stock had previously closed at $9.99.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded Orkla Asa from a “hold” rating to a “strong sell” rating in a research 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, Orkla Asa has an average rating of “Reduce”.

Orkla Asa Stock Down 1.3%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $11.57. The firm has a market capitalization of $9.72 billion, a PE ratio of 13.89 and a beta of 0.34.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.17 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%.

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.