Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.25 and traded as low as $13.04. Toray Industries shares last traded at $13.18, with a volume of 17,922 shares.
Wall Street Analyst Weigh In
Separately, Nomura Securities raised shares of Toray Industries to a "hold" rating in a report on Friday, June 6th.
Get Our Latest Stock Analysis on Toray Industries
Toray Industries Stock Performance
The company has a quick ratio of 1.10, a current ratio of 1.70 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $10.86 billion, a PE ratio of 21.18 and a beta of 0.58. The stock's fifty day simple moving average is $13.31 and its 200-day simple moving average is $13.26.
Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.09). Toray Industries had a net margin of 3.04% and a return on equity of 4.26%. The company had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.42 billion. On average, research analysts predict that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.
About Toray Industries
(
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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.
Further Reading
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