Toray Industries (OTCMKTS:TRYIY) Stock Jumps 9.3% – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price was up 9.3% during mid-day trading on Thursday. The company traded as high as $16.27 and last traded at $16.27. Approximately 847 shares traded hands during trading, a decline of 97% from the average session volume of 30,312 shares. The stock had previously closed at $14.8832.

Toray Industries Stock Performance

The company has a market cap of $12.04 billion, a PE ratio of 19.51 and a beta of 0.54. The firm’s fifty day moving average is $15.65 and its 200 day moving average is $15.01. The company has a current ratio of 1.87, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. As a group, research analysts predict that Toray Industries Inc. will post 0.79 EPS for the current fiscal year.

About Toray Industries

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.