Toray Industries (OTCMKTS:TRYIY) Releases Quarterly Earnings Results

Toray Industries (OTCMKTS:TRYIY) posted its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Toray Industries had a net margin of 3.06% and a return on equity of 4.22%.

Toray Industries Price Performance

Shares of OTCMKTS TRYIY traded up $1.35 during trading on Thursday, reaching $16.36. The company had a trading volume of 12,425 shares, compared to its average volume of 30,819. Toray Industries has a 52 week low of $11.70 and a 52 week high of $17.51. The business’s 50 day moving average price is $14.30 and its 200-day moving average price is $14.61. The stock has a market cap of $12.31 billion, a PE ratio of 23.37 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.78.

Analyst Ratings Changes

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Toray Industries currently has a consensus rating of “Buy”.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.