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

Orkla Asa (OTCMKTS:ORKLY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $11.29, but opened at $10.76. Orkla Asa shares last traded at $11.5275, with a volume of 2,023 shares trading hands.

Orkla Asa Trading Up 0.1%

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.71. The stock’s 50 day moving average is $10.59 and its 200-day moving average is $10.77. The company has a market capitalization of $11.27 billion, a P/E ratio of 10.87 and a beta of 0.45.

Orkla Asa (OTCMKTS:ORKLY) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Orkla Asa had a return on equity of 13.29% and a net margin of 15.49%.The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion.

Orkla Asa Company Profile

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.