Toshiba (OTCMKTS:TOSYY) Share Price Crosses Below Fifty Day Moving Average of $21.11

Toshiba Co. (OTCMKTS:TOSYYGet Rating) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $21.11 and traded as low as $20.40. Toshiba shares last traded at $20.40, with a volume of 18,655 shares.

Separately, Jefferies Financial Group downgraded Toshiba from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th.

The business has a 50-day moving average of $21.16 and a 200-day moving average of $20.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.50. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 12.18 and a beta of 0.76.

Toshiba (OTCMKTS:TOSYYGet Rating) last issued its quarterly earnings data on Friday, May 13th. The company reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $6.87 billion during the quarter. Toshiba had a return on equity of 14.56% and a net margin of 5.80%. Equities analysts predict that Toshiba Co. will post 1.73 earnings per share for the current fiscal year.

About Toshiba (OTCMKTS:TOSYY)

Toshiba Corporation, together with its subsidiaries, provides electronic devices and storage solutions worldwide. It operates through Energy Systems and Solutions, Infrastructure Systems and Solutions, Building Solutions, Retail and Printing Solutions, Electronic Devices and Storage Solutions, Digital Solutions, and Other segments.

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