Kuraray (OTCMKTS:KURRY) Reaches New 52-Week Low – Here’s What Happened

Kuraray Co. (OTCMKTS:KURRY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $28.6625 and last traded at $28.6625, with a volume of 243 shares traded. The stock had previously closed at $30.5750.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Kuraray from a “strong-buy” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Kuraray Price Performance

The business has a 50-day simple moving average of $33.60 and a 200-day simple moving average of $35.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 2.44. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 29.69 and a beta of 0.02.

Kuraray (OTCMKTS:KURRY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.77 EPS for the quarter. Kuraray had a return on equity of 5.38% and a net margin of 1.90%.The business had revenue of $1.31 billion during the quarter.

Kuraray Company Profile

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.