Kuraray (OTCMKTS:KURRY) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Kuraray Co. (OTCMKTS:KURRY) shares fell below their 50-day moving average of $36.39, trading as low as $35.71 during recent sessions.
• The company reported $0.04 earnings per share with revenues of $1.42 billion in its latest quarter, achieving a net margin of 1.90%.
• Kuraray holds a market capitalization of $3.87 billion and maintains a low debt-to-equity ratio of 0.25, reflecting a strong financial position.

Kuraray Co. (OTCMKTS:KURRY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $36.39 and traded as low as $35.71. Kuraray shares last traded at $35.71, with a volume of 469 shares traded.

Kuraray Price Performance

The company has a quick ratio of 1.45, a current ratio of 2.75 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.64 billion, a PE ratio of 34.31 and a beta of 0.08. The firm's fifty day moving average price is $36.35 and its two-hundred day moving average price is $36.58.

Kuraray (OTCMKTS:KURRY - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter. Kuraray had a net margin of 1.90% and a return on equity of 5.41%. The firm had revenue of $1.42 billion during the quarter.

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.