Kuraray (OTCMKTS:KURRY) Releases Quarterly Earnings Results

Kuraray (OTCMKTS:KURRY) released its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, Zacks reports. Kuraray had a net margin of 0.97% and a return on equity of 5.11%.

Kuraray Stock Performance

Shares of KURRY remained flat at $32.16 during mid-day trading on Wednesday. 5 shares of the company traded hands, compared to its average volume of 338. Kuraray has a 52-week low of $27.64 and a 52-week high of $40.25. The company has a current ratio of 2.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $32.19 and its 200 day simple moving average is $31.68. The stock has a market cap of $3.30 billion, a PE ratio of 64.33 and a beta of -0.03.

About Kuraray

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.