Tomra Systems ASA (TMRAY) to Announce Earnings on Friday

Tomra Systems ASA (OTCMKTS:TMRAY) is expected to be releasing its resultson Friday, July 17th. Analysts expect Tomra Systems ASA to post earnings of $0.1039 per share and revenue of $434.8270 million for the quarter.

Tomra Systems ASA Stock Performance

Shares of OTCMKTS TMRAY opened at $9.70 on Friday. Tomra Systems ASA has a 52 week low of $9.28 and a 52 week high of $16.48. The business has a 50-day simple moving average of $10.13 and a two-hundred day simple moving average of $11.74.

Analysts Set New Price Targets

Separately, Barclays reissued an “overweight” rating on shares of Tomra Systems ASA in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Tomra Systems ASA has an average rating of “Buy”.

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.