Toray Industries (OTCMKTS:TRYIY - Get Free Report) was downgraded by stock analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Separately, Nomura Securities raised shares of Toray Industries to a "hold" rating in a research report on Friday, June 6th.
Get Our Latest Analysis on Toray Industries
Toray Industries Stock Performance
Shares of TRYIY traded up $0.08 during trading hours on Thursday, hitting $13.23. The stock had a trading volume of 21,700 shares, compared to its average volume of 12,380. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 20.67 and a beta of 0.56. The firm has a 50-day moving average price of $13.51 and a 200 day moving average price of $13.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.70. Toray Industries has a fifty-two week low of $9.06 and a fifty-two week high of $14.80.
Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.42 billion. Toray Industries had a net margin of 3.04% and a return on equity of 4.26%. As a group, research analysts anticipate that Toray Industries will post 0.73 EPS for the current 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.
Featured Stories
Before you consider Toray Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toray Industries wasn't on the list.
While Toray Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access