Tokuyama (OTCMKTS:TKYMY) Stock Falls 15.8% – Here’s What Happened

Shares of Tokuyama Corporation (OTCMKTS:TKYMY) fell 15.8% during trading on Friday. The stock traded as low as $11.27 and last traded at $11.27. Approximately 10,729 shares were traded during trading, a decline of 56% from the average daily volume of 24,214 shares. The stock had previously closed at $13.3850.

Tokuyama Trading Down 1.0%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 1.09. The company’s fifty day moving average price is $13.54 and its 200-day moving average price is $13.23. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.99 and a beta of 0.24.

Tokuyama (OTCMKTS:TKYMY) last posted its earnings results on Wednesday, July 29th. The company reported $0.20 EPS for the quarter. Tokuyama had a return on equity of 7.91% and a net margin of 6.41%. The company had revenue of $537.48 million for the quarter.

About Tokuyama

Tokuyama Corporation is a Japanese chemical company that develops and manufactures a broad range of industrial and specialty materials. Its businesses include basic chemicals such as caustic soda and chlorine derivatives, as well as cement and related construction materials.

The company also supplies products for advanced technology and healthcare applications. These include polycrystalline silicon used in semiconductor manufacturing, fumed silica and other high-performance materials, dental materials, and products for the electronics and information technology industries.

Tokuyama was established in Japan in 1918 as Nihon Soda Kogyo Co, Ltd.