Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.16, but opened at $15.6350. Toray Industries shares last traded at $15.8272, with a volume of 4,791 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Toray Industries has an average rating of “Buy”.

Toray Industries Stock Down 1.3%

The company has a market capitalization of $11.82 billion, a PE ratio of 19.16 and a beta of 0.50. The firm’s 50-day simple moving average is $14.97 and its 200 day simple moving average is $14.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.78.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.03 billion. As a group, equities research analysts forecast that Toray Industries Inc. will post 0.79 earnings per share for the current year.

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.