Toray Industries (OTCMKTS:TRYIY) Stock Crosses Below 200-Day Moving Average – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.00 and traded as low as $14.74. Toray Industries shares last traded at $14.82, with a volume of 26,121 shares traded.

Toray Industries Stock Down 1.9%

The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 18.07 and a beta of 0.50. The company has a quick ratio of 1.19, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $15.72 and a two-hundred day moving average of $15.00.

Toray Industries (OTCMKTS:TRYIY) last released its 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 company had revenue of $4.31 billion during 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, sell-side analysts anticipate that Toray Industries Inc. will post 0.79 earnings per share 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.