Toray Industries (OTCMKTS:TRYIY) Shares Gap Up - Here's What Happened

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Nomura Securities raised Toray Industries to a "hold" rating in a research note on Friday, June 6th.

Toray Industries Stock Up 0.9%

The business has a 50 day moving average of $13.18 and a 200-day moving average of $13.23. The stock has a market cap of $10.84 billion, a PE ratio of 21.15 and a beta of 0.58. The company has a current ratio of 1.70, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.09). The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.42 billion. Toray Industries had a net margin of 3.04% and a return on equity of 4.26%. Equities research analysts predict that Toray Industries Inc. will post 0.73 EPS for the current fiscal 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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