Tomra Systems ASA (OTCMKTS:TMRAY) Trading Up 3.4% – Still a Buy?

Tomra Systems ASA (OTCMKTS:TMRAY)’s stock price shot up 3.4% during trading on Monday . The stock traded as high as $12.0115 and last traded at $12.0115. 5,195 shares were traded during mid-day trading, an increase of 29% from the average session volume of 4,018 shares. The stock had previously closed at $11.6150.

Analyst Ratings Changes

TMRAY has been the topic of several analyst reports. Nordea Equity Research upgraded shares of Tomra Systems ASA to a “buy” rating in a report on Monday, October 20th. Kepler Capital Markets upgraded shares of Tomra Systems ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Tomra Systems ASA Stock Performance

The business has a 50 day moving average of $14.06 and a 200-day moving average of $14.75.

About Tomra Systems ASA

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.