Kuraray (OTCMKTS:KURRY) Sees Unusually-High Trading Volume – Time to Buy?

Kuraray Co. (OTCMKTS:KURRY) saw an uptick in trading volume on Thursday . 1,725 shares traded hands during trading, an increase of 147% from the previous session’s volume of 697 shares.The stock last traded at $28.32 and had previously closed at $28.44.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Kuraray from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Kuraray Stock Up 5.1%

The stock has a market capitalization of $3.22 billion, a P/E ratio of 54.14 and a beta of -0.08. The company has a current ratio of 2.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $32.09 and its 200 day simple moving average is $34.70.

Kuraray (OTCMKTS:KURRY) last issued its earnings results on Wednesday, November 12th. The company reported $0.77 earnings per share (EPS) for the quarter. Kuraray had a net margin of 1.00% and a return on equity of 4.45%. The business had revenue of $1.31 billion for the quarter.

About Kuraray

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.