ams-OSRAM (OTCMKTS:AMSSY) Shares Gap Down Following Weak Earnings

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY) gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $10.18, but opened at $8.93. ams-OSRAM shares last traded at $8.93, with a volume of 1,040 shares.

The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.28). ams-OSRAM had a negative return on equity of 7.58% and a negative net margin of 9.74%.

ams-OSRAM Stock Performance

The business has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $9.54. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 3.10. The firm has a market cap of $1.78 billion, a P/E ratio of -4.68 and a beta of 1.79.

ams-OSRAM Company Profile

ams-OSRAM AG develops and supplies optical and sensor technologies for customers in automotive, industrial, medical and consumer markets. Its products include LEDs and other light sources, optical sensors, emitters and related components used in applications such as vehicle lighting, displays, smart devices and health technology. The company combines ams, an Austrian semiconductor business, with OSRAM, a lighting company with a long history. ams completed its acquisition of OSRAM in 2020, bringing sensing and semiconductor expertise together with lighting technologies. ams-OSRAM serves customers internationally and has operations across multiple regions.