Toyota Industries (OTCMKTS:TYIDY) Sees Strong Trading Volume – Here’s What Happened

Toyota Industries Co. (OTCMKTS:TYIDYGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 212,084 shares traded hands during trading, an increase of 1,060% from the previous session’s volume of 18,281 shares.The stock last traded at $128.2223 and had previously closed at $128.31.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Toyota Industries to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Stock Report on TYIDY

Toyota Industries Trading Down 0.8%

The company has a market capitalization of $38.24 billion and a price-to-earnings ratio of 0.37. The stock has a 50-day simple moving average of $127.19 and a 200-day simple moving average of $122.45.

About Toyota Industries

(Get Free Report)

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.

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