Tomra Systems ASA (TMRAY) Projected to Post Quarterly Earnings on Friday

Tomra Systems ASA (OTCMKTS:TMRAY) is projected to issue its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.0949 per share and revenue of $417.5140 million for the quarter.

Tomra Systems ASA Stock Up 0.3%

OTCMKTS TMRAY opened at $12.94 on Friday. The business has a 50-day moving average price of $12.29 and a 200-day moving average price of $12.80. Tomra Systems ASA has a twelve month low of $11.31 and a twelve month high of $16.76.

Tomra Systems ASA Company Profile

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.