Tomra Systems ASA (OTCMKTS:TMRAY) Stock Price Down 4.6% – What’s Next?

Tomra Systems ASA (OTCMKTS:TMRAY)’s share price dropped 4.6% during trading on Wednesday . The company traded as low as $14.50 and last traded at $14.50. Approximately 6,244 shares were traded during trading, an increase of 85% from the average daily volume of 3,383 shares. The stock had previously closed at $15.20.

Analyst Ratings Changes

Several analysts have recently commented on TMRAY shares. Kepler Capital Markets upgraded shares of Tomra Systems ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 8th. Barclays upgraded shares of Tomra Systems ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th.

Tomra Systems ASA Stock Down 4.6%

The stock has a 50 day moving average of $14.64 and a two-hundred day moving average of $14.25.

Tomra Systems ASA Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a $0.133 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.85%. This is an increase from Tomra Systems ASA’s previous dividend of $0.12. Tomra Systems ASA’s dividend payout ratio (DPR) is 5.28%.

Tomra Systems ASA Company Profile

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three segments: TOMRA Collection, TOMRA Recycling, and TOMRA Food. The TOMRA Collection segment engages in the development, production, sale, and service of reverse vending machines and related data management systems.