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Orkla ASA (OTCMKTS:ORKLY) Hits New 1-Year High - Here's What Happened

Orkla ASA logo with Multi-Sector Conglomerates background
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Orkla ASA (OTCMKTS:ORKLY - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $10.00 and last traded at $9.81, with a volume of 10173 shares traded. The stock had previously closed at $9.66.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Orkla ASA from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.

Check Out Our Latest Stock Report on Orkla ASA

Orkla ASA Stock Up 0.2 %

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 company's 50-day simple moving average is $9.07 and its 200 day simple moving average is $9.14. The firm has a market cap of $9.74 billion, a P/E ratio of 17.43 and a beta of 0.59.

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.14 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.

Orkla ASA Company Profile

(Get Free Report)

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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