Orkla ASA (OTCMKTS:ORKLY) Hits New 52-Week High – Should You Buy?

Orkla ASA (OTCMKTS:ORKLY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.55 and last traded at $11.26, with a volume of 31767 shares traded. The stock had previously closed at $11.15.

Wall Street Analyst Weigh In

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

Orkla ASA Price 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’s 50-day moving average price is $10.32 and its 200-day moving average price is $9.53. The stock has a market capitalization of $11.77 billion, a PE ratio of 21.07 and a beta of 0.53.

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

About Orkla ASA

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.