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

Toray Industries Inc. (OTCMKTS:TRYIY) gapped up prior to trading on Thursday . The stock had previously closed at $13.6310, but opened at $13.9980. Toray Industries shares last traded at $13.98, with a volume of 2,613 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Smbc Nikko Sec. upgraded Toray Industries to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Toray Industries Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.16 and a current ratio of 1.78. The firm has a market cap of $10.15 billion, a P/E ratio of 34.59 and a beta of 0.40. The firm’s fifty day moving average price is $15.23 and its 200 day moving average price is $13.72.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.20 billion. Toray Industries had a net margin of 1.71% and a return on equity of 2.38%. Toray Industries has set its FY 2025 guidance at 0.707-0.707 EPS. Sell-side analysts expect that Toray Industries Inc. will post 0.73 EPS for the current fiscal year.

Toray Industries Company Profile

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.