Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Toray Industries Inc. (OTCMKTS:TRYIY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.06, but opened at $13.41. Toray Industries shares last traded at $12.95, with a volume of 2,016 shares traded.

Analyst Ratings Changes

Separately, UBS Group lowered shares of Toray Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

View Our Latest Research Report on TRYIY

Toray Industries Price Performance

The firm has a 50 day moving average price of $12.71 and a 200 day moving average price of $13.17. The stock has a market capitalization of $10.56 billion, a PE ratio of 22.73 and a beta of 0.55. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25.

Toray Industries (OTCMKTS:TRYIY – Get Free Report) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%. Research analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

(Get Free Report)

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.

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