Tokuyama (OTCMKTS:TKYMY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Tokuyama Corporation (OTCMKTS:TKYMY)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.23 and traded as high as $14.80. Tokuyama shares last traded at $13.3850, with a volume of 62,356 shares traded.

Tokuyama Stock Down 15.8%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.74. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 11.05 and a beta of 0.24. The stock’s fifty day moving average is $13.49 and its two-hundred day moving average is $13.22.

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