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

Teijin Ltd. (OTCMKTS:TINLY) gapped up before the market opened on Wednesday . The stock had previously closed at $9.6983, but opened at $10.45. Teijin shares last traded at $10.45, with a volume of 1,232 shares.

Teijin Stock Performance

The company has a current ratio of 1.75, a quick ratio of 1.06 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $10.02. The firm has a market cap of $2.02 billion, a P/E ratio of -6.83 and a beta of 0.12.

Teijin (OTCMKTS:TINLY) last announced its earnings results on Tuesday, August 4th. The company reported $1.47 EPS for the quarter. Teijin had a negative return on equity of 11.68% and a negative net margin of 5.36%.The company had revenue of $1.39 billion for the quarter.

About Teijin

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.