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Toray Industries (OTCMKTS:TRYIY) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Toray Industries logo with Basic Materials background

Toray Industries, Inc. (OTCMKTS:TRYIY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.90 and traded as low as $12.52. Toray Industries shares last traded at $12.72, with a volume of 55,536 shares trading hands.

Toray Industries Trading Down 3.0%

The stock has a market capitalization of $10.19 billion, a PE ratio of 31.03 and a beta of 0.56. The firm's fifty day moving average price is $13.18 and its two-hundred day moving average price is $12.90.

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

Toray Industries Company Profile

(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

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