Toray Industries Inc. (OTCMKTS:TRYIY – Get Free Report) traded up 9.3% during trading on Thursday. The company traded as high as $16.27 and last traded at $16.27. Approximately 847 shares were traded during trading, a decline of 97% from the average daily volume of 30,312 shares. The stock had previously closed at $14.8832.
Toray Industries Stock Performance
The company has a current ratio of 1.87, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $12.04 billion, a PE ratio of 19.51 and a beta of 0.54. The firm’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $15.01.
Toray Industries (OTCMKTS:TRYIY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. As a group, equities research analysts forecast that Toray Industries Inc. will post 0.79 EPS for the current year.
Toray Industries Company Profile
Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.
The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.
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