Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – What’s Next?

Toyota Industries Co. (OTCMKTS:TYIDY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $128.65, but opened at $121.95. Toyota Industries shares last traded at $121.95, with a volume of 134 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Toyota Industries to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Toyota Industries has a consensus rating of “Hold”.

Toyota Industries Price Performance

The stock has a market capitalization of $38.55 billion and a price-to-earnings ratio of 0.37. The stock’s 50 day simple moving average is $127.20 and its 200-day simple moving average is $122.32.

Toyota Industries Company Profile

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.