Orkla ASA (OTCMKTS:ORKLY) Reaches New 52-Week High – Should You Buy?

Orkla ASA (OTCMKTS:ORKLY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $11.08 and last traded at $11.04, with a volume of 19072 shares changing hands. The stock had previously closed at $10.97.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Orkla ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Orkla ASA Stock Performance

The company has a market capitalization of $10.97 billion, a P/E ratio of 19.64 and a beta of 0.53. The company has a current ratio of 1.30, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $9.81 and its 200 day moving average is $9.37.

Orkla ASA (OTCMKTS:ORKLY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $1.70 billion for the quarter. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%.

About Orkla ASA

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.