TOYO (NASDAQ:TOYO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of TOYO (NASDAQ:TOYO) to a hold rating in a report published on Saturday morning.

A number of other equities research analysts also recently weighed in on TOYO. Weiss Ratings restated a “hold (c)” rating on shares of TOYO in a research report on Wednesday, January 21st. Zacks Research raised TOYO to a “hold” rating in a report on Friday, January 16th. Finally, HC Wainwright started coverage on TOYO in a research report on Thursday, January 15th. They issued a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.00.

TOYO Trading Down 7.3%

TOYO stock opened at $7.62 on Friday. TOYO has a fifty-two week low of $2.57 and a fifty-two week high of $10.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.47. The firm’s fifty day moving average price is $7.04 and its 200-day moving average price is $6.53.

Institutional Investors Weigh In On TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC increased its stake in shares of TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,250 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of TOYO worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 84.61% of the stock is currently owned by institutional investors.

TOYO Company Profile

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.