Orkla ASA (OTCMKTS:ORKLY – Get Free Report) released its earnings results on Thursday. The company reported $0.14 EPS for the quarter, Zacks reports. Orkla ASA had a net margin of 8.18% and a return on equity of 12.87%.
Orkla ASA Stock Performance
OTCMKTS:ORKLY opened at $9.75 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 18.40 and a beta of 0.59. The company’s 50-day moving average is $8.96 and its two-hundred day moving average is $9.06. Orkla ASA has a 1-year low of $6.36 and a 1-year high of $9.93.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised shares of Orkla ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.
Orkla ASA Company Profile
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.
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