Tomra Systems ASA (OTCMKTS:TMRAY – Get Free Report) shares dropped 0.9% on Tuesday . The company traded as low as $9.90 and last traded at $9.91. Approximately 2,426 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 2,447 shares. The stock had previously closed at $10.00.
Tomra Systems ASA Price Performance
The stock’s 50-day simple moving average is $11.06 and its two-hundred day simple moving average is $12.17.
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.
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