Terumo (OTCMKTS:TRUMY) Shares Gap Up - Here's Why

Key Points

• Terumo Corporation shares increased, opening at $18.60 after a previous close of $17.85, reflecting a notable market movement.
• The company reported a $0.20 EPS for the quarter, exceeding analyst expectations of $0.17, despite revenues of $1.76 billion falling short of the consensus estimate of $1.80 billion.
• Terumo has a market capitalization of $26.68 billion and maintains strong liquidity ratios, with a current ratio of 2.64 and a quick ratio of 1.53.

Terumo Corp. (OTCMKTS:TRUMY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $17.85, but opened at $18.60. Terumo shares last traded at $17.96, with a volume of 6,522 shares changing hands.

Terumo Stock Down 0.5%

The company has a 50-day moving average price of $17.58 and a 200 day moving average price of $18.20. The firm has a market capitalization of $25.82 billion, a PE ratio of 30.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.53.

Terumo (OTCMKTS:TRUMY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Terumo had a return on equity of 9.19% and a net margin of 12.09%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion.

About Terumo

Terumo Corporation engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally. The company operates through three segments: Cardiac and Vascular Company, Medical Care Solutions Company, and Blood and Cell Technologies Company.