Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.43 and traded as high as $13.64. Toray Industries shares last traded at $13.58, with a volume of 12,268 shares traded.
Analyst Ratings Changes
Separately, Nomura Securities upgraded shares of Toray Industries to a "hold" rating in a research note on Friday, June 6th.
View Our Latest Research Report on Toray Industries
Toray Industries Stock Down 0.3%
The company has a current ratio of 1.70, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $13.47 and its 200-day simple moving average is $13.33. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 21.17 and a beta of 0.56.
Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.42 billion. Equities analysts expect that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.
About Toray Industries
(
Get Free Report)
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
Before you consider Toray Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toray Industries wasn't on the list.
While Toray Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
