Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $13.45, but opened at $12.60. Toray Industries shares last traded at $12.60, with a volume of 794 shares traded.

Toray Industries Trading Down 1.2%

The business has a 50-day moving average of $12.65 and a 200-day moving average of $13.18. The company has a quick ratio of 1.07, a current ratio of 1.69 and a debt-to-equity ratio of 0.25. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 21.50 and a beta of 0.55.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%. As a group, research analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

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.