Toray Industries (OTCMKTS:TRYIY) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.00 and traded as low as $14.74. Toray Industries shares last traded at $14.82, with a volume of 26,121 shares changing hands.

Toray Industries Price Performance

The company has a 50-day moving average price of $15.72 and a two-hundred day moving average price of $15.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.19. The company has a market cap of $11.15 billion, a PE ratio of 18.07 and a beta of 0.50.

Toray Industries (OTCMKTS:TRYIY) last announced its earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. Toray Industries had a return on equity of 4.84% and a net margin of 3.48%. Sell-side analysts expect that Toray Industries Inc. will post 0.79 earnings per share for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.

The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.