TOYO (NASDAQ:TOYO) Stock Price Down 1.5% - Here's Why

TOYO Co., Ltd. (NASDAQ:TOYO - Get Free Report)'s stock price was down 1.5% during trading on Wednesday . The company traded as low as $7.19 and last traded at $7.27. Approximately 28,857 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 90,049 shares. The stock had previously closed at $7.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of TOYO in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

TOYO Trading Down 1.5%

The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $6.04 and a 200-day moving average of $4.40.

TOYO (NASDAQ:TOYO - Get Free Report) last released its quarterly earnings results on Monday, September 8th. The company reported $0.10 EPS for the quarter. During the same period in the prior year, the business posted $0.48 EPS. TOYO has set its FY 2025 guidance at EPS.

About TOYO

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.