Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Here’s What Happened

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) gapped down prior to trading on Tuesday . The stock had previously closed at $16.16, but opened at $15.6350. Toray Industries shares last traded at $15.8272, with a volume of 4,791 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Toray Industries Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 19.43 and a beta of 0.50. The stock’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $14.80.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. Analysts expect that Toray Industries Inc. will post 0.79 earnings per share for the current fiscal year.

About Toray Industries

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.