Toyota Industries (OTCMKTS:TYIDY) Stock Price Down 6.5% – Time to Sell?

Toyota Industries Co. (OTCMKTS:TYIDY)’s stock price dropped 6.5% during mid-day trading on Thursday . The company traded as low as $120.00 and last traded at $120.00. Approximately 309 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 20,452 shares. The stock had previously closed at $128.31.

Analyst Ratings Changes

Separately, Zacks Research raised Toyota Industries to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Toyota Industries Stock Down 0.8%

The firm has a market capitalization of $38.16 billion and a P/E ratio of 0.37. The company’s 50 day moving average is $127.13 and its 200-day moving average is $122.72.

About Toyota Industries

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.