Tomra Systems ASA (OTCMKTS:TMRAY) Stock Price Down 1.3% – Here’s Why

Shares of Tomra Systems ASA (OTCMKTS:TMRAY) dropped 1.3% during trading on Friday . The company traded as low as $14.63 and last traded at $14.71. Approximately 19,884 shares traded hands during mid-day trading, an increase of 763% from the average daily volume of 2,303 shares. The stock had previously closed at $14.91.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Tomra Systems ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Tomra Systems ASA Price Performance

The firm has a 50-day moving average of $15.04 and a 200-day moving average of $14.23.

Tomra Systems ASA (OTCMKTS:TMRAY) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $424.58 million during the quarter.

Tomra Systems ASA Company Profile

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three segments: TOMRA Collection, TOMRA Recycling, and TOMRA Food. The TOMRA Collection segment engages in the development, production, sale, and service of reverse vending machines and related data management systems.