Orkla ASA (OTCMKTS:ORKLY) Reaches New 52-Week High – Time to 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 Upgrades and Downgrades

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

Orkla ASA Stock Performance

The stock has a market capitalization of $11.01 billion, a PE ratio of 19.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 1.30. The firm has a 50 day moving average of $9.76 and a 200-day moving average of $9.36.

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

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.