Tomra Systems ASA (OTCMKTS:TMRAY – Get Free Report) issued its earnings results on Friday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.10), Zacks reports.
Tomra Systems ASA Price Performance
TMRAY stock traded down $2.90 during trading on Friday, reaching $9.95. 3,912 shares of the stock were exchanged, compared to its average volume of 2,526. The business has a 50 day moving average price of $12.22 and a 200-day moving average price of $12.73. Tomra Systems ASA has a 1 year low of $9.95 and a 1 year high of $16.76.
About Tomra Systems ASA
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.
Further Reading
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