Tomra Systems ASA (OTCMKTS:TMRAY) Trading Up 0.1% – What’s Next?

Shares of Tomra Systems ASA (OTCMKTS:TMRAY) shot up 0.1% on Wednesday . The company traded as high as $13.22 and last traded at $13.19. 3,900 shares were traded during mid-day trading, an increase of 17% from the average session volume of 3,333 shares. The stock had previously closed at $13.18.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research upgraded Tomra Systems ASA to a “buy” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Tomra Systems ASA Stock Up 0.1%

The business has a 50 day moving average price of $12.85 and a 200 day moving average price of $13.98.

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.