Kuraray (OTCMKTS:KURRY) Sees Strong Trading Volume – Still a Buy?

Kuraray Co. (OTCMKTS:KURRY) saw strong trading volume on Friday . 800 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 417 shares.The stock last traded at $34.5750 and had previously closed at $34.76.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Kuraray from a “strong-buy” rating to a “sell” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kuraray has an average rating of “Sell”.

Kuraray Stock Performance

The company has a current ratio of 2.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $31.28 and its 200 day moving average is $32.49. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 69.15 and a beta of -0.08.

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

Kuraray Company Profile

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.