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

Key Points

• Toray Industries' stock price has fallen below its 200-day moving average of $13.40, with recent trading showing a low of $13.21.
• Analyst ratings for the stock have shifted, with UBS Group downgrading it from a "strong-buy" to a "hold", while consensus among research firms currently reflects a "hold" rating.
• The company's recent quarterly earnings report indicated an EPS earnings miss of $0.15 compared to expectations of $0.24, alongside a revenue of $4.03 billion, missing the estimates of $4.41 billion.

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 $13.40 and traded as low as $13.21. Toray Industries shares last traded at $13.40, with a volume of 18,144 shares.

Analysts Set New Price Targets

TRYIY has been the subject of a number of research reports. Nomura Securities raised shares of Toray Industries to a "hold" rating in a research report on Friday, June 6th. UBS Group downgraded Toray Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Toray Industries Trading Down 0.7%

The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 23.02 and a beta of 0.57. The business's 50 day moving average price is $13.44 and its 200-day moving average price is $13.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.69.

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 analysts' consensus estimates of $0.24 by ($0.09). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.41 billion. Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. Equities analysts expect 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.