Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – Should You Buy?

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.47, but opened at $13.65. Toray Industries shares last traded at $13.65, with a volume of 1,093 shares.

Toray Industries Trading Up 4.8%

The company’s 50 day simple moving average is $12.65 and its 200 day simple moving average is $13.18. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 23.53 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.07.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. As a group, research analysts expect that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.

Toray Industries Company Profile

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.