Orkla ASA (OTCMKTS:ORKLY) Sets New 12-Month High – Should You Buy?

Orkla ASA (OTCMKTS:ORKLY) shares hit a new 52-week high during trading on Monday . The company 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.

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 report on Thursday, January 9th.

Orkla ASA Stock Up 0.6 %

The firm has a market cap of $11.01 billion, a PE ratio of 19.71 and a beta of 0.53. The business’s 50 day moving average price is $9.76 and its 200 day moving average price is $9.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70.

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

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.