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

Orkla ASA (OTCMKTS:ORKLY) saw its shares reach a new 52-week high during trading on Monday, peaking at $11.08 before closing at $11.04. The trading volume for the day stood at 19,072 shares, an increase from the previous day's closing price of $10.97.

Analysts Upgrade Orkla ASA

In a recent report, Sanford C. Bernstein upgraded Orkla ASA from a "hold" rating to a "strong-buy" rating, reflecting growing confidence in the company's future performance.

Stock Performance and Metrics

Orkla ASA's stock has shown a modest increase of 0.6%. The company has a market capitalization of $11.01 billion, a price-to-earnings (PE) ratio of 19.71, and a low beta of 0.53, indicating lower volatility compared to the market. The stock's 50-day moving average stands at $9.76, while the 200-day moving average is $9.36. Additionally, the company has a debt-to-equity ratio of 0.34 and liquidity ratios that reflect a current ratio of 1.30 and a quick ratio of 0.70.

Orkla ASA’s latest quarterly earnings were reported on February 13, where it recorded earnings per share (EPS) of $0.14 and revenue of $1.70 billion. The company showcased a net profit margin of 8.58% and a return on equity of 13.13%, reflecting its effective management and growth potential.

About Orkla ASA

Orkla ASA is involved in the consumer goods sector, offering branded products that include frozen pizzas, sauces, soups, ketchup, and ready-to-eat meals. The company's products are available through various distribution channels, including grocery stores, food service, convenience stores, and petrol stations.

Considerations for Investors

Before making any investment decisions regarding Orkla ASA, it may be valuable to explore the stock recommendations from top analysts. MarketBeat tracks well-performing analysts and their top-rated picks, noting that while Orkla ASA currently has a "Strong Buy" rating, there are five other stocks that analysts suggest may be more promising investments at this time.

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