Orkla ASA (OTCMKTS:ORKLY) Reaches New 52-Week High - What's Next?

Orkla ASA (OTCMKTS:ORKLY - Get Free Report)'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 traded. The stock had previously closed at $10.97.

Analyst Upgrades and Downgrades

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

Orkla ASA Stock Performance

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 firm has a market capitalization of $10.89 billion, a PE ratio of 19.50 and a beta of 0.53. The stock's 50 day moving average price is $9.98 and its two-hundred day moving average price is $9.42.

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