Tomra Systems ASA (OTCMKTS:TMRAY) Announces Earnings Results

Tomra Systems ASA (OTCMKTS:TMRAY) issued its earnings results on Friday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.10), Zacks reports.

Tomra Systems ASA Price Performance

Shares of Tomra Systems ASA stock traded down $2.90 on Friday, reaching $9.95. The company had a trading volume of 3,912 shares, compared to its average volume of 2,526. The firm’s 50 day moving average price is $12.22 and its two-hundred day moving average price is $12.73. Tomra Systems ASA has a 52-week low of $9.95 and a 52-week 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.