ams-OSRAM (OTCMKTS:AMSSY) Shares Gap Down on Disappointing Earnings

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY)’s share price gapped down prior to trading on Friday following a dissappointing 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 Price Performance

The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 3.10. The business’s 50 day moving average price is $11.62 and its two-hundred day moving average price is $9.54. The stock has a market cap of $1.78 billion, a P/E ratio of -4.68 and a beta of 1.79.

About ams-OSRAM

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.