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Toray Industries (OTCMKTS:TRYIY) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Toray Industries logo with Basic Materials background

Toray Industries, Inc. (OTCMKTS:TRYIY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.83 and traded as low as $12.78. Toray Industries shares last traded at $12.82, with a volume of 15,473 shares.

Toray Industries Trading Up 2.6%

The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 32.05 and a beta of 0.56. The stock's 50-day simple moving average is $13.25 and its 200-day simple moving average is $12.89.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter. Toray Industries had a net margin of 1.97% and a return on equity of 2.62%. On average, equities research analysts forecast that Toray Industries, Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

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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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