ams-OSRAM (OTCMKTS:AMSSY) Shares Gap Down – Here’s Why

Shares of ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.26, but opened at $10.47. ams-OSRAM shares last traded at $10.47, with a volume of 501 shares.

Wall Street Analysts Forecast Growth

AMSSY has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of ams-OSRAM from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ams-OSRAM in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ams-OSRAM Stock Performance

The stock has a fifty day moving average of $10.98 and a two-hundred day moving average of $9.24. The company has a market capitalization of $2.09 billion, a PE ratio of -5.48 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 2.79.

ams-OSRAM (OTCMKTS:AMSSY) last released its earnings results on Tuesday, August 4th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.26). The company had revenue of $935.84 million during the quarter, compared to the consensus estimate of $931.43 million. ams-OSRAM had a negative net margin of 9.74% and a negative return on equity of 7.17%. As a group, sell-side analysts anticipate that ams-OSRAM AG Unsponsored ADR will post -0.07 earnings per share for the current fiscal year.

About ams-OSRAM

ams-OSRAM AG is a global technology company specializing in optical solutions, combining the sensor expertise of ams with the lighting heritage of OSRAM. The company develops and manufactures a broad range of high-performance products, including light-emitting diodes (LEDs), laser diode and infrared (IR) emitters, optical sensors, and sensor interfaces. These components are used across a variety of applications to enable advanced illumination, sensing, and imaging capabilities.

The company’s product portfolio serves diverse end markets such as consumer electronics, automotive, industrial, and medical.