Toshiba (OTCMKTS:TOSYY) Share Price Passes Below Two Hundred Day Moving Average of $20.33

Toshiba Co. (OTCMKTS:TOSYY – Get Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.33 and traded as low as $19.74. Toshiba shares last traded at $19.92, with a volume of 8,264 shares changing hands.

Analyst Ratings Changes

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

Toshiba Price Performance

The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 10.83 and a beta of 0.75. The business’s 50-day simple moving average is $20.48 and its two-hundred day simple moving average is $20.32. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Toshiba (OTCMKTS:TOSYY – Get Rating) last released its earnings results on Friday, May 13th. The company reported $0.68 earnings per share for the quarter. The business had revenue of $6.87 billion during the quarter. Toshiba had a net margin of 5.80% and a return on equity of 14.56%. As a group, research analysts expect that Toshiba Co. will post 1.73 EPS for the current fiscal year.

Toshiba Company Profile

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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.