Toyota Industries (OTCMKTS:TYIDY) Shares Gap Up – Still a Buy?

Toyota Industries Co. (OTCMKTS:TYIDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $120.4101, but opened at $127.95. Toyota Industries shares last traded at $127.95, with a volume of 442 shares trading hands.

Analyst Upgrades and Downgrades

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

Toyota Industries Stock Up 6.3%

The firm has a market cap of $38.45 billion and a price-to-earnings ratio of 0.37. The firm has a fifty day moving average price of $126.62 and a 200-day moving average price of $125.10.

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.