Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIYGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.18, but opened at $15.4136. Toray Industries shares last traded at $15.4136, with a volume of 766 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Toray Industries to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Toray Industries currently has an average rating of “Buy”.

Check Out Our Latest Analysis on Toray Industries

Toray Industries Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.87. The company has a market cap of $12.16 billion, a PE ratio of 19.71 and a beta of 0.51. The business’s 50-day moving average is $15.49 and its 200 day moving average is $14.73.

Toray Industries (OTCMKTS:TRYIYGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. On average, equities research analysts predict that Toray Industries Inc. will post 0.79 EPS for the current fiscal year.

About Toray Industries

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Toray Industries, Inc is a Japanese chemicals and advanced materials company founded in 1926. The company develops and manufactures products based on polymer chemistry, organic synthesis, biotechnology and nanotechnology for industrial and consumer applications.

Its businesses include synthetic fibers and textiles, engineering plastics, resin products, films, chemicals, carbon fiber and carbon-fiber composite materials, as well as electronic and information-related materials. Toray also provides water-treatment products, including reverse-osmosis membranes and other separation technologies, and develops pharmaceutical and medical products.

Toray serves customers in industries such as aerospace, automotive, electronics, construction, energy, healthcare and apparel.

Further Reading

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