Kuraray (OTCMKTS:KURRY) Shares Gap Down – Here’s What Happened

Kuraray Co. (OTCMKTS:KURRY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $34.4750, but opened at $31.82. Kuraray shares last traded at $31.82, with a volume of 195 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of 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.com, the stock has an average rating of “Sell”.

Kuraray Stock Down 3.0%

The firm has a 50 day moving average price of $32.24 and a 200-day moving average price of $32.40. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 63.64 and a beta of -0.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.54 and a quick ratio of 1.34.

Kuraray (OTCMKTS:KURRY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $1.40 billion during the quarter. Kuraray had a net margin of 0.97% and a return on equity of 5.11%.

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.