Tomra Systems ASA (OTCMKTS:TMRAY) Stock Price Down 0.9% – Should You Sell?

Tomra Systems ASA (OTCMKTS:TMRAY)’s stock price was down 0.9% during mid-day trading on Thursday . The company traded as low as $12.91 and last traded at $12.9540. Approximately 633 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 3,214 shares. The stock had previously closed at $13.0750.

Analyst Ratings Changes

Separately, Nordea Equity Research upgraded Tomra Systems ASA to a “buy” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Tomra Systems ASA Trading Down 0.9%

The company’s 50-day moving average is $13.21 and its two-hundred day moving average is $13.72.

Tomra Systems ASA Company Profile

Tomra Systems ASA, headquartered in Asker, Norway, is a leading provider of sensor‐based sorting and collection solutions for the recycling, food and mining industries. The company’s core offering centers on reverse vending machines (RVMs) that automate the collection and sorting of used beverage containers in deposit‐return schemes. In addition, Tomra designs and manufactures advanced sorting equipment that employs near‐infrared (NIR), X-ray and laser technologies to separate materials such as plastics, metals, glass and paper, as well as to optimize yield and quality in food processing operations.

Founded in 1972 by brothers Petter and Tore Planke, Tomra pioneered the use of automated collection technology to support environmental sustainability and resource recovery.