Orkla ASA (OTCMKTS:ORKLY) Posts Earnings Results

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.14 EPS for the quarter, Zacks reports. The firm had revenue of $1.70 billion during the quarter. Orkla ASA had a net margin of 8.18% and a return on equity of 12.87%.

Orkla ASA Price Performance

ORKLY traded down $0.04 on Monday, reaching $9.75. The company had a trading volume of 11,855 shares, compared to its average volume of 32,886. Orkla ASA has a 52-week low of $6.36 and a 52-week high of $9.93. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 18.40 and a beta of 0.59. 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 business has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $9.06.

Analyst Ratings Changes

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 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.