Toray Industries (OTCMKTS:TRYIY) Trading 5.3% Higher – What’s Next?

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) shot up 5.3% during mid-day trading on Monday . The company traded as high as $13.50 and last traded at $13.50. 649 shares traded hands during trading, a decline of 97% from the average session volume of 24,558 shares. The stock had previously closed at $12.8160.

Toray Industries Price Performance

The company’s fifty day moving average is $12.60 and its 200 day moving average is $13.12. The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.97 billion, a PE ratio of 25.48 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. As a group, sell-side analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal 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.