Teijin (OTCMKTS:TINLY) Shares Gap Up – Here’s What Happened

Teijin Ltd. (OTCMKTS:TINLY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.35, but opened at $10.6550. Teijin shares last traded at $10.6550, with a volume of 1,802 shares changing hands.

Teijin Price Performance

The company has a market capitalization of $2.06 billion, a PE ratio of -6.96 and a beta of 0.12. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average is $9.43 and its 200-day moving average is $9.89.

Teijin (OTCMKTS:TINLY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.47 earnings per share (EPS) for the quarter. Teijin had a negative return on equity of 11.68% and a negative net margin of 5.36%.The firm had revenue of $1.39 billion during the quarter.

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.