Toray Industries (OTCMKTS:TRYIY) Hits New 1-Year High – Still a Buy?

Toray Industries, Inc. (OTCMKTS:TRYIY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $14.80 and last traded at $14.17, with a volume of 15218 shares traded. The stock had previously closed at $14.40.

Toray Industries Trading Down 2.3 %

The stock has a market capitalization of $11.02 billion, a P/E ratio of 33.56 and a beta of 0.74. The company has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $12.47.

Toray Industries (OTCMKTS:TRYIY) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter. Toray Industries had a return on equity of 2.62% and a net margin of 1.97%. Research analysts forecast that Toray Industries, Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.