Toray Industries (OTCMKTS:TRYIY) Shares Gap Down - What's Next?

Key Points

• Toray Industries shares opened down significantly at $12.29 from a previous close of $12.94, with the most recent trading price at $12.44.
• Analyst ratings for the stock are mixed, with Nomura Securities upgrading it to a "hold" while UBS Group downgraded it from "strong-buy" to "hold," resulting in a consensus rating of "Hold."
• The company reported a miss on earnings for the last quarter, with earnings per share at $0.15, falling short of the $0.24 estimate, and revenues also below expectations at $4.03 billion.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $12.94, but opened at $12.29. Toray Industries shares last traded at $12.44, with a volume of 680 shares.

Analyst Ratings Changes

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

Toray Industries Price Performance

The business has a fifty day simple moving average of $13.38 and a two-hundred day simple moving average of $13.35. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The stock has a market cap of $10.11 billion, a PE ratio of 21.76 and a beta of 0.57.

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

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