ams-OSRAM (OTCMKTS:AMSSY) Shares Gap Up – Here’s Why

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $7.70, but opened at $8.1460. ams-OSRAM shares last traded at $8.1460, with a volume of 379 shares trading hands.

Analysts Set New Price Targets

AMSSY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut shares of ams-OSRAM to a “hold” rating in a report on Wednesday, February 11th. Zacks Research raised shares of ams-OSRAM from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

ams-OSRAM Stock Up 5.8%

The stock has a market capitalization of $1.63 billion, a PE ratio of -11.47 and a beta of 1.06. The firm’s fifty day moving average is $5.55 and its 200-day moving average is $5.64. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

ams-OSRAM (OTCMKTS:AMSSY) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. ams-OSRAM had a negative net margin of 3.76% and a positive return on equity of 6.11%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $870.83 million. On average, equities research analysts predict that ams-OSRAM AG Unsponsored ADR will post -0.35 earnings per share for the current year.

ams-OSRAM Company Profile

ams-OSRAM AG is a global technology company specializing in optical solutions, combining the sensor expertise of ams with the lighting heritage of OSRAM. The company develops and manufactures a broad range of high-performance products, including light-emitting diodes (LEDs), laser diode and infrared (IR) emitters, optical sensors, and sensor interfaces. These components are used across a variety of applications to enable advanced illumination, sensing, and imaging capabilities.

The company’s product portfolio serves diverse end markets such as consumer electronics, automotive, industrial, and medical.