Kuraray (OTCMKTS:KURRY) Shares Gap Up - Here's What Happened

Key Points

• Kuraray Co. shares gapped up significantly, opening at $36.48 after a previous close of $33.62, marking an increase of 8.5%.
• The company reported quarterly earnings of $0.04 EPS and revenue of $1.42 billion, with a net margin of 1.90%.
• Kuraray has a market capitalization of $3.95 billion and a debt-to-equity ratio of 0.22, indicating its financial stability.

Kuraray Co. (OTCMKTS:KURRY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $33.62, but opened at $36.48. Kuraray shares last traded at $36.48, with a volume of 270 shares trading hands.

Kuraray Stock Down 0.7%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.33. The stock has a market capitalization of $3.84 billion, a P/E ratio of 36.19 and a beta of 0.08. The firm has a 50-day simple moving average of $35.45 and a 200 day simple moving average of $35.87.

Kuraray (OTCMKTS:KURRY - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter. The firm had revenue of $1.42 billion during the quarter. Kuraray had a return on equity of 5.38% and a net margin of 1.90%.

Kuraray Company Profile

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.