Orkla ASA (OTCMKTS:ORKLY) Sets New 12-Month High - Still a Buy?

Orkla ASA (OTCMKTS:ORKLY - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.55 and last traded at $11.26, with a volume of 31767 shares traded. The stock had previously closed at $11.15.

Analysts Set New Price Targets

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 Trading Up 0.9 %

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 has a market cap of $11.77 billion, a PE ratio of 21.07 and a beta of 0.53. The stock has a 50 day moving average price of $10.42 and a 200 day moving average price of $9.56.

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

Orkla ASA Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $0.6871 per share. This is an increase from Orkla ASA's previous dividend of $0.40. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 5.82%. Orkla ASA's dividend payout ratio (DPR) is currently 121.43%.

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.