Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Should You Sell?

Toyota Industries Co. (OTCMKTS:TYIDYGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $128.9886, but opened at $122.46. Toyota Industries shares last traded at $122.46, with a volume of 301 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Toyota Industries to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Read Our Latest Research Report on Toyota Industries

Toyota Industries Price Performance

The business has a 50-day simple moving average of $127.48 and a 200 day simple moving average of $121.75. The firm has a market cap of $36.80 billion and a PE ratio of 0.37.

About Toyota Industries

(Get Free Report)

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.

Further Reading

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