Toray Industries (OTCMKTS:TRYIY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Toray Industries experienced a significant 28% increase in trading volume, reaching 31,049 shares on a recent trading day, with the stock price rising from $13.10 to $13.27.
• Recent analyst updates show mixed reviews: UBS downgraded the stock to a "hold," while Nomura upgraded it to a "hold," leading to an average rating of "Hold" for the company.
• In its latest quarterly earnings, Toray reported $0.15 EPS, which fell short of expectations of $0.24, alongside revenues of $4.03 billion below analyst estimates of $4.41 billion.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 31,049 shares changed hands during trading, an increase of 28% from the previous session's volume of 24,171 shares.The stock last traded at $13.27 and had previously closed at $13.10.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TRYIY shares. UBS Group cut shares of Toray Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Nomura Securities upgraded shares of Toray Industries to a "hold" rating in a research report on Friday, June 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

Toray Industries Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.07. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 22.60 and a beta of 0.57. The business's fifty day simple moving average is $13.41 and its 200 day simple moving average is $13.38.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.09). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.41 billion. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. On average, research analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.