Tomra Systems ASA (OTCMKTS:TMRAY) Trading Down 0.5% – Here’s What Happened

Tomra Systems ASA (OTCMKTS:TMRAY) shares fell 0.5% during mid-day trading on Monday . The company traded as low as $10.20 and last traded at $10.25. 1,189 shares were traded during mid-day trading, a decline of 54% from the average session volume of 2,562 shares. The stock had previously closed at $10.3006.

Tomra Systems ASA Stock Down 1.4%

The business has a fifty day moving average price of $11.51 and a 200-day moving average price of $12.35.

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.