Teijin (OTCMKTS:TINLY) Shares Gap Down – Here’s What Happened

Teijin Ltd. (OTCMKTS:TINLY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $11.43, but opened at $10.6050. Teijin shares last traded at $10.6050, with a volume of 1,598 shares changing hands.

Teijin Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.72 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $9.27 and a two-hundred day moving average price of $8.83. The stock has a market cap of $2.04 billion, a P/E ratio of -5.17 and a beta of 0.07.

Teijin (OTCMKTS:TINLY) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.14) EPS for the quarter. The company had revenue of $1.36 billion during the quarter.

Teijin Company Profile

Teijin Limited is a diversified Japanese conglomerate headquartered in Tokyo, with roots dating back to 1918 when it launched Japan’s first rayon manufacturing facility. Over the past century, the company has evolved into an integrated chemical, pharmaceutical and information technology group serving a wide range of global markets. Teijin operates through multiple business segments that include advanced fibers & composites, performance films, healthcare and IT solutions.

In its fibers & composites division, Teijin produces high-strength aramid fibers under brands such as Twaron and Technora, along with carbon fiber composite materials used in aerospace, automotive and industrial applications.