Tokuyama (OTCMKTS:TKYMY) Hits New 12-Month High – Still a Buy?

Tokuyama Corporation (OTCMKTS:TKYMY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.00 and last traded at $14.00, with a volume of 300 shares changing hands. The stock had previously closed at $14.00.

Tokuyama Stock Performance

The business has a 50-day simple moving average of $12.07 and a two-hundred day simple moving average of $12.44. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 13.59 and a beta of 0.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.91 and a quick ratio of 1.22.

Tokuyama (OTCMKTS:TKYMY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $624.30 million for the quarter. Tokuyama had a return on equity of 8.20% and a net margin of 6.39%.

About Tokuyama

Tokuyama Corporation (OTCMKTS: TKYMY) is a diversified Japanese chemical company headquartered in Yamaguchi Prefecture. Established in 1918 as a cement producer, it has since grown into a global supplier of specialty chemicals, materials and industrial products. The company operates through several business segments including cement, fine chemicals, silicones, polycrystalline silicon, electrolytic manganese dioxide (EMD) and medical-dental materials.

In its cement division, Tokuyama manufactures and sells portland cement and slag cement to domestic and overseas markets, supporting infrastructure and construction projects.