Toray Industries (OTCMKTS:TRYIY) Shares Cross Above 50 Day Moving Average – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.99 and traded as high as $13.05. Toray Industries shares last traded at $12.95, with a volume of 20,961 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group lowered shares of Toray Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Toray Industries presently has a consensus rating of “Hold”.

Toray Industries Stock Up 5.0%

The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $12.99 and its 200-day moving average is $13.22. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 22.33 and a beta of 0.55.

Toray Industries (OTCMKTS:TRYIY) last released its earnings results on Friday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.41 billion. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. On average, analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.