Kuraray (OTCMKTS:KURRY) Shares Gap Up – What’s Next?

Kuraray Co. (OTCMKTS:KURRY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.93, but opened at $33.56. Kuraray shares last traded at $33.56, with a volume of 200 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Kuraray from a “strong-buy” rating to a “sell” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kuraray presently has a consensus rating of “Sell”.

Kuraray Trading Up 5.1%

The firm has a market capitalization of $3.44 billion, a P/E ratio of 61.02 and a beta of -0.08. The business has a 50-day moving average price of $30.38 and a 200-day moving average price of $32.68. The company has a quick ratio of 1.34, a current ratio of 2.54 and a debt-to-equity ratio of 0.27.

Kuraray (OTCMKTS:KURRY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.77 earnings per share (EPS) for the quarter. Kuraray had a return on equity of 4.46% and a net margin of 1.00%.The business had revenue of $1.31 billion during the quarter.

About Kuraray

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.