ams-OSRAM (OTCMKTS:AMSSY) Trading Up 14.3% – Time to Buy?

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY) shares shot up 14.3% during mid-day trading on Tuesday . The company traded as high as $11.03 and last traded at $11.03. 3,760 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 6,127 shares. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ams-OSRAM in a report on Tuesday, May 12th. Jefferies Financial Group raised shares of ams-OSRAM from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ams-OSRAM has a consensus rating of “Hold”.

ams-OSRAM Trading Up 14.3%

The stock’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $7.94. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.40 and a quick ratio of 1.02. The firm has a market capitalization of $2.20 billion, a P/E ratio of -9.27 and a beta of 1.74.

About ams-OSRAM

ams-OSRAM AG is a global technology company specializing in optical solutions, combining the sensor expertise of ams with the lighting heritage of OSRAM. The company develops and manufactures a broad range of high-performance products, including light-emitting diodes (LEDs), laser diode and infrared (IR) emitters, optical sensors, and sensor interfaces. These components are used across a variety of applications to enable advanced illumination, sensing, and imaging capabilities.

The company’s product portfolio serves diverse end markets such as consumer electronics, automotive, industrial, and medical.