Kuraray (OTCMKTS:KURRY) Posts Earnings Results

Kuraray (OTCMKTS:KURRY) posted its quarterly earnings data on Tuesday. The company reported $0.81 EPS for the quarter, Zacks reports. Kuraray had a return on equity of 4.46% and a net margin of 1.00%.The firm had revenue of $1.40 billion during the quarter.

Kuraray Price Performance

Shares of Kuraray stock remained flat at $33.56 during trading hours on Thursday. 139 shares of the stock traded hands, compared to its average volume of 100. The company’s fifty day moving average price is $30.67 and its 200-day moving average price is $32.54. Kuraray has a fifty-two week low of $27.64 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.34 and a current ratio of 2.54. The firm has a market cap of $3.44 billion, a P/E ratio of 61.02 and a beta of -0.08.

Analysts Set New Price Targets

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

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.