Toray Industries (OTCMKTS:TRYIY) Shares Up 5.8% - What's Next?

Key Points

• Shares of Toray Industries increased by 5.8%, reaching a trade price of $13.74, despite a significant drop in trading volume compared to the average.
• In recent analyst ratings, UBS Group downgraded Toray Industries from a "strong-buy" to a "hold," while Nomura Securities upgraded it to a "hold."
• Toray's recent earnings report showed an EPS of $0.15, which missed the consensus estimate of $0.24, while revenue was also below expectations at $4.03 billion.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report)'s share price traded up 5.8% during mid-day trading on Friday . The stock traded as high as $13.74 and last traded at $13.74. 2,589 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 23,885 shares. The stock had previously closed at $12.99.

Analyst Upgrades and Downgrades

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

Toray Industries Stock Down 0.3%

The stock has a market capitalization of $10.63 billion, a P/E ratio of 22.88 and a beta of 0.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.70 and a quick ratio of 1.10. The stock's fifty day moving average is $13.49 and its two-hundred day moving average is $13.41.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued 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 3.81% and a net margin of 2.72%.The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.41 billion. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. As a group, research analysts predict that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal 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.