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

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.7340, but opened at $15.70. Toray Industries shares last traded at $15.70, with a volume of 22,176 shares trading hands.

Toray Industries Trading Up 5.1%

The business has a fifty day moving average price of $13.56 and a 200 day moving average price of $13.20. The firm has a market cap of $11.94 billion, a PE ratio of 30.52 and a beta of 0.43. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a return on equity of 3.26% and a net margin of 2.38%. Analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current year.

About Toray Industries

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.