Orkla Asa (OTCMKTS:ORKLY) Shares Gap Down – Here’s What Happened

Orkla Asa (OTCMKTS:ORKLY – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.30, but opened at $11.6450. Orkla Asa shares last traded at $11.66, with a volume of 525 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets downgraded Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Orkla Asa presently has an average rating of “Hold”.

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Orkla Asa Trading Down 5.0%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43. The company has a 50 day simple moving average of $12.47 and a two-hundred day simple moving average of $11.84. The firm has a market cap of $11.78 billion, a PE ratio of 10.63 and a beta of 0.39.

Orkla Asa (OTCMKTS:ORKLY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

Orkla Asa Company Profile

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Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.

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