Teijin (OTCMKTS:TINLY) Shares Down 5.3% – Here’s What Happened

Teijin Ltd. (OTCMKTS:TINLY)’s share price was down 5.3% during mid-day trading on Wednesday . The stock traded as low as $8.4010 and last traded at $8.4010. Approximately 2,377 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 1,736 shares. The stock had previously closed at $8.8750.

Teijin Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.62 billion, a P/E ratio of -4.75 and a beta of 0.05. The company has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $8.46.

Teijin Company Profile

Teijin Limited is a diversified Japanese conglomerate headquartered in Tokyo, with roots dating back to 1918 when it launched Japan’s first rayon manufacturing facility. Over the past century, the company has evolved into an integrated chemical, pharmaceutical and information technology group serving a wide range of global markets. Teijin operates through multiple business segments that include advanced fibers & composites, performance films, healthcare and IT solutions.

In its fibers & composites division, Teijin produces high-strength aramid fibers under brands such as Twaron and Technora, along with carbon fiber composite materials used in aerospace, automotive and industrial applications.