Toray Industries (OTCMKTS:TRYIY) Shares Down 5.3% – Here’s What Happened

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) were down 5.3% on Friday . The stock traded as low as $12.57 and last traded at $12.57. Approximately 202 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 24,845 shares. The stock had previously closed at $13.28.

Toray Industries Trading Down 1.1%

The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 25.05 and a beta of 0.43. The company has a fifty day moving average price of $12.70 and a 200-day moving average price of $13.09. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. On average, equities research analysts predict that Toray Industries Inc. will post 0.73 EPS for the current year.

Toray Industries Company Profile

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.