Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – Time to Buy?

Toray Industries Inc. (OTCMKTS:TRYIY) gapped up before the market opened on Thursday . The stock had previously closed at $15.01, but opened at $17.10. Toray Industries shares last traded at $16.31, with a volume of 426 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Toray Industries Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $14.26 and a two-hundred day simple moving average of $14.60. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 23.36 and a beta of 0.50.

Toray Industries (OTCMKTS:TRYIY) last posted its earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter. Toray Industries had a return on equity of 4.22% and a net margin of 3.06%. On average, equities research analysts predict that Toray Industries Inc. will post 0.79 earnings per share for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.