Toray Industries (OTCMKTS:TRYIY) Shares Up 5.8% - Still a Buy?

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 was up 5.8% on Friday . The company traded as high as $13.74 and last traded at $13.74. Approximately 2,589 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 23,885 shares. The stock had previously closed at $12.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRYIY shares. UBS Group lowered Toray Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Nomura Securities raised Toray Industries to a "hold" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Toray Industries Stock Performance

The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 22.95 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 firm has a fifty day moving average of $13.50 and a 200 day moving average of $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 (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.09). Toray Industries had a net margin of 2.72% and a return on equity of 3.81%. The company had revenue of $4.03 billion during the quarter, compared to analysts' expectations of $4.41 billion. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. As a group, sell-side analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current 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.