Kuraray (OTCMKTS:KURRY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Kuraray Co. (OTCMKTS:KURRYGet Free Report)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $31.21 and traded as high as $34.2150. Kuraray shares last traded at $34.2150, with a volume of 442 shares changing hands.

Kuraray Stock Up 7.9%

The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 131.60 and a beta of 0.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 2.49. The business’s 50-day moving average is $31.21 and its 200-day moving average is $31.96.

Kuraray (OTCMKTS:KURRYGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Kuraray had a net margin of 0.44% and a return on equity of 4.65%.

About Kuraray

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Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.

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