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Toray Industries (OTCMKTS:TRYIY) Share Price Crosses Below 200-Day Moving Average - Here's Why

Toray Industries logo with Basic Materials background

Toray Industries, Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.68 and traded as low as $12.44. Toray Industries shares last traded at $12.89, with a volume of 57,805 shares trading hands.

Toray Industries Stock Performance

The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 31.22 and a beta of 0.55. The business's 50 day moving average is $13.34 and its 200 day moving average is $12.71.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter. Toray Industries had a return on equity of 2.62% and a net margin of 1.97%. Research analysts expect that Toray Industries, Inc. will post 0.73 earnings per share for the current 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.

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