Osram Licht (OTCMKTS:OSAGF) Hits New 52-Week Low – Here’s What Happened

Osram Licht AG (OTCMKTS:OSAGF) shares hit a new 52-week low on Tuesday. The company traded as low as $59.94 and last traded at $59.94, with a volume of 158 shares trading hands. The stock had previously closed at $59.94.

Osram Licht Price Performance

The business’s 50 day moving average price is $62.14 and its 200-day moving average price is $61.85. The firm has a market capitalization of $59.85 billion, a PE ratio of -15.69 and a beta of 0.14. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.90 and a current ratio of 1.31.

Osram Licht (OTCMKTS:OSAGF) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.84). Osram Licht had a negative return on equity of 7.58% and a negative net margin of 9.77%.The company had revenue of $935.84 million for the quarter, compared to analysts’ expectations of $1.22 billion.

Osram Licht Company Profile

Osram Licht AG was a German lighting technology company headquartered in Munich. The company developed and manufactured lighting products and systems for consumer, automotive, and professional applications, including lamps, light-emitting diodes (LEDs), optical components, and lighting solutions.

Its products served areas such as general illumination, automotive lighting, specialty lighting, digital systems, and horticultural applications. Osram supplied products to customers in global markets, including Europe, North America, and Asia, through a combination of manufacturing, sales, and distribution operations.

Osram Licht was formed as an independent company following its separation from Siemens in 2013.