Tomra Systems ASA (OTCMKTS:TMRAY) Trading Up 1.6% – Here’s What Happened

Tomra Systems ASA (OTCMKTS:TMRAY) shares were up 1.6% during trading on Friday . The company traded as high as $15.55 and last traded at $15.55. Approximately 2,146 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 3,012 shares. The stock had previously closed at $15.30.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded Tomra Systems ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Tomra Systems ASA Price Performance

The stock has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $14.66.

Tomra Systems ASA Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.133 dividend. This represents a yield of 0.85%. This is a positive change from Tomra Systems ASA’s previous dividend of $0.12. The ex-dividend date was Thursday, May 8th. Tomra Systems ASA’s dividend payout ratio (DPR) is presently 5.28%.

About Tomra Systems ASA

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three segments: TOMRA Collection, TOMRA Recycling, and TOMRA Food. The TOMRA Collection segment engages in the development, production, sale, and service of reverse vending machines and related data management systems.