Kuraray (OTCMKTS:KURRY) Shares Gap Down – Here’s What Happened

Kuraray Co. (OTCMKTS:KURRY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $32.52, but opened at $29.25. Kuraray shares last traded at $29.25, with a volume of 105 shares changing hands.

Kuraray Stock Up 4.4%

The business’s fifty day moving average is $31.99 and its two-hundred day moving average is $31.59. The company has a market cap of $3.00 billion, a P/E ratio of 112.50 and a beta of -0.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.53.

Kuraray (OTCMKTS:KURRY) last issued its earnings results on Wednesday, May 13th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $1.28 billion during the quarter. Kuraray had a return on equity of 4.58% and a net margin of 0.44%.

Kuraray Company Profile

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.