Toray Industries (OTCMKTS:TRYIY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.51 and traded as high as $14.7757. Toray Industries shares last traded at $14.7340, with a volume of 10,919 shares.

Toray Industries Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.08 billion, a P/E ratio of 28.34 and a beta of 0.43. The company’s fifty day moving average price is $13.51 and its 200 day moving average price is $13.18.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a return on equity of 3.26% and a net margin of 2.38%. As a group, sell-side analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current year.

About Toray Industries

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.