Tomra Systems ASA (OTCMKTS:TMRAY) Shares Down 2.4% – Should You Sell?

Tomra Systems ASA (OTCMKTS:TMRAY)’s share price dropped 2.4% during mid-day trading on Monday . The stock traded as low as $11.73 and last traded at $11.84. Approximately 1,391 shares traded hands during trading, a decline of 50% from the average daily volume of 2,809 shares. The stock had previously closed at $12.1250.

Tomra Systems ASA Trading Down 1.1%

The stock’s 50-day moving average is $12.95 and its 200-day moving average is $13.39.

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.