Kuraray (OTCMKTS:KURRY) Shares Gap Down - Should You Sell?

Key Points

• Kuraray shares gapped down, opening at $31.82 versus the prior close of $34.4750 and last trading at $31.82 (down ~3%) on very light volume (195 shares).
• Goldman Sachs downgraded the stock from "strong-buy" to "sell," and MarketBeat shows a consensus rating of Sell.
• Company fundamentals include a $3.27 billion market cap, a high P/E of 63.64, quarterly EPS of $0.81 on $1.40 billion revenue, a net margin of 0.97%, and a current ratio of 2.54.

Kuraray Co. (OTCMKTS:KURRY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $34.4750, but opened at $31.82. Kuraray shares last traded at $31.82, with a volume of 195 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Kuraray from a "strong-buy" rating to a "sell" rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Kuraray Stock Down 3.0%

The company has a quick ratio of 1.34, a current ratio of 2.54 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 63.64 and a beta of -0.10. The stock has a 50 day moving average of $32.24 and a 200 day moving average of $32.40.

Kuraray (OTCMKTS:KURRY - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.81 EPS for the quarter. The company had revenue of $1.40 billion for the quarter. Kuraray had a return on equity of 5.11% and a net margin of 0.97%.

Kuraray Company Profile

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.

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