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

Orkla ASA (OTCMKTS:ORKLY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.50 and last traded at $10.50, with a volume of 21128 shares. The stock had previously closed at $10.30.

Wall Street Analyst Weigh In

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 Price Performance

The firm has a market cap of $10.48 billion, a PE ratio of 18.75 and a beta of 0.53. The firm has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $9.27. 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 released its earnings results on Thursday, February 13th. The company reported $0.14 earnings per share (EPS) for the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%. The firm 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.