Orkla ASA (OTCMKTS:ORKLY) Sets New 1-Year High - Should You Buy?

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.86 and last traded at $10.67, with a volume of 20800 shares changing hands. The stock had previously closed at $10.60.

Analyst Upgrades and Downgrades

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

Orkla ASA Stock Up 1.1 %

The stock's fifty day moving average price is $9.76 and its 200 day moving average price is $9.36. 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 stock has a market cap of $10.94 billion, a P/E ratio of 19.59 and a beta of 0.53.

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

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.