Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Time to Sell?

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $12.82, but opened at $12.20. Toray Industries shares last traded at $12.55, with a volume of 208 shares changing hands.

Toray Industries Trading Up 0.8%

The company has a quick ratio of 1.07, a current ratio of 1.69 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $12.59 and a 200-day simple moving average of $13.14. The company has a market cap of $9.50 billion, a PE ratio of 24.29 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.28%. On average, analysts predict that Toray Industries Inc. will post 0.73 EPS 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.