TOYO Co., Ltd. $TOYO Stock Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. decreased its holdings in shares of TOYO Co., Ltd. (NASDAQ:TOYO) by 57.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,852 shares of the company’s stock after selling 196,236 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in TOYO were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC raised its position in TOYO by 62.8% during the first quarter. Renaissance Technologies LLC now owns 46,000 shares of the company’s stock valued at $337,000 after buying an additional 17,750 shares during the period. WINTON GROUP Ltd purchased a new stake in TOYO in the 2nd quarter worth about $293,000. Bank of America Corp DE acquired a new stake in TOYO during the 1st quarter worth about $135,000. Engineers Gate Manager LP acquired a new stake in TOYO during the 2nd quarter worth about $84,000. Finally, Vontobel Holding Ltd. acquired a new stake in TOYO during the 3rd quarter worth about $69,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

TOYO Stock Up 4.9%

NASDAQ TOYO opened at $4.95 on Wednesday. TOYO Co., Ltd. has a 1-year low of $3.71 and a 1-year high of $17.43. The company has a quick ratio of 0.58, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $7.88.

TOYO (NASDAQ:TOYO) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $118.18 million during the quarter, compared to analyst estimates of $192.57 million. Analysts expect that TOYO Co., Ltd. will post 1.90 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TOYO has been the topic of several research analyst reports. Roth Capital reaffirmed a “buy” rating on shares of TOYO in a research note on Tuesday, September 1st. Wall Street Zen lowered shares of TOYO from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 22nd. HC Wainwright restated a “buy” rating and set a $18.00 price target on shares of TOYO in a report on Thursday, October 8th. Zacks Research raised shares of TOYO from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 24th. Finally, Weiss Ratings raised shares of TOYO from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, TOYO currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

TOYO Profile

TOYO Co, Ltd. is a Japan-based solar energy company that develops, manufactures and sells photovoltaic products. Its business is focused on solar cells and modules used in utility-scale, commercial and residential solar power systems.

The company’s product portfolio includes advanced solar cells and related photovoltaic solutions designed to support the conversion of sunlight into electricity. TOYO serves customers and project developers in international markets and is focused on expanding its presence across the global solar supply chain.

TOYO has pursued manufacturing and development opportunities outside Japan, including production and expansion initiatives in overseas markets.