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

Shares of Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $13.41, but opened at $13.93. Toray Industries shares last traded at $13.79, with a volume of 1,825 shares.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Toray Industries to a "hold" rating in a report on Friday, June 6th.

Toray Industries Stock Down 2.3%

The company has a current ratio of 1.70, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $13.24 and its two-hundred day simple moving average is $13.24. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 20.61 and a beta of 0.58.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). Toray Industries had a return on equity of 4.26% and a net margin of 3.04%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.42 billion. On average, equities 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.