Kuraray (OTCMKTS:KURRY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Kuraray Co. (OTCMKTS:KURRY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $31.21 and traded as high as $34.2150. Kuraray shares last traded at $34.2150, with a volume of 442 shares traded.

Kuraray Price Performance

The company has a market capitalization of $3.45 billion, a PE ratio of 131.60 and a beta of 0.01. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $31.28 and its 200-day moving average is $32.02.

Kuraray (OTCMKTS:KURRY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.62 earnings per share for the quarter. Kuraray had a return on equity of 4.65% and a net margin of 0.44%.The business had revenue of $1.28 billion for the quarter.

About Kuraray

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.