Toray Industries (OTCMKTS:TRYIY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.25 and traded as low as $13.04. Toray Industries shares last traded at $13.18, with a volume of 17,922 shares trading hands.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised Toray Industries to a “hold” rating in a research report on Friday, June 6th.

Toray Industries Trading Down 0.1%

The company has a quick ratio of 1.10, a current ratio of 1.70 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 20.59 and a beta of 0.57. The business’s fifty day moving average is $13.25 and its two-hundred day moving average is $13.25.

Toray Industries (OTCMKTS:TRYIY) last released its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.42 billion. Toray Industries had a return on equity of 4.26% and a net margin of 3.04%. Equities analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.