Toray Industries (OTCMKTS:TRYIY) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• Toray Industries' stock price fell below its 200-day moving average of $13.38, reaching a low of $13.36.
• The company reported earnings per share of $0.15 for the last quarter, missing estimates by $0.09, and had revenues of $4.03 billion compared to expectations of $4.41 billion.
• Analysts have mixed views, with UBS cutting the stock's rating to "hold" while Nomura upgraded it to the same rating, resulting in a consensus rating of "Hold."

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.38 and traded as low as $13.36. Toray Industries shares last traded at $13.49, with a volume of 41,309 shares traded.

Analysts Set New Price Targets

TRYIY has been the topic of several research analyst reports. UBS Group downgraded shares of Toray Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Nomura Securities raised shares of Toray Industries to a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Toray Industries presently has an average rating of "Hold".

Toray Industries Price Performance

The firm's fifty day moving average price is $13.49 and its 200 day moving average price is $13.39. The firm has a market capitalization of $10.69 billion, a PE ratio of 23.00 and a beta of 0.57. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its quarterly 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). Toray Industries had a return on equity of 3.76% and a net margin of 2.72%.The firm had revenue of $4.03 billion for 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, equities analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

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.