Toray Industries Inc. (OTCMKTS:TRYIY – Get Free Report)’s share price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $15.01, but opened at $17.10. Toray Industries shares last traded at $16.31, with a volume of 426 shares.
The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.03 billion. Toray Industries had a return on equity of 4.82% and a net margin of 3.48%.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Toray Industries to a “hold” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toray Industries currently has an average rating of “Buy”.
Toray Industries Stock Performance
The business has a 50-day simple moving average of $14.35 and a 200 day simple moving average of $14.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.15. The firm has a market cap of $12.96 billion, a PE ratio of 21.01 and a beta of 0.50.
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.
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