Toray Industries (OTCMKTS:TRYIY) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Toray Industries' stock fell below its 50-day moving average of $13.11, trading as low as $12.11, indicating potential weakening in share performance.
• UBS Group downgraded the company's rating from a "strong-buy" to a "hold," reflecting a cautious outlook from analysts.
• In its recent earnings report, Toray Industries missed analyst expectations, reporting earnings per share of $0.15 against an expected $0.24 and revenue of $4.03 billion compared to $4.41 billion forecasted.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.11 and traded as low as $12.11. Toray Industries shares last traded at $12.23, with a volume of 24,543 shares changing hands.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded Toray Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Toray Industries Trading Up 0.2%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.69. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 21.08 and a beta of 0.55. The company has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $13.24.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.09). The business had revenue of $4.03 billion for 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.

About Toray Industries

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.

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