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

ams-OSRAM AG Unsponsored ADR (OTCMKTS:AMSSY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.65, but opened at $14.13. ams-OSRAM shares last traded at $13.00, with a volume of 2,406 shares traded.

Analyst Upgrades and Downgrades

AMSSY has been the subject of several research reports. Zacks Research upgraded shares of ams-OSRAM from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ams-OSRAM in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group upgraded shares of ams-OSRAM from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

ams-OSRAM Stock Down 0.5%

The company’s 50-day moving average is $9.04 and its 200 day moving average is $6.50. The company has a market capitalization of $2.63 billion, a PE ratio of -11.08 and a beta of 1.72. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.11 and a current ratio of 1.40.

About ams-OSRAM

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.