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

Toyota Industries Co. (OTCMKTS:TYIDYGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $126.63, but opened at $121.60. Toyota Industries shares last traded at $121.60, with a volume of 259 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Toyota Industries to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Toyota Industries presently has an average rating of “Hold”.

View Our Latest Research Report on Toyota Industries

Toyota Industries Stock Down 4.0%

The firm’s 50-day simple moving average is $126.74 and its 200 day simple moving average is $126.23. The stock has a market capitalization of $36.54 billion and a P/E 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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