Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Should You Sell?

Toyota Industries Co. (OTCMKTS:TYIDY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $126.63, but opened at $121.60. Toyota Industries shares last traded at $121.60, with a volume of 259 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Toyota Industries to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Toyota Industries Price Performance

The company has a market cap of $36.54 billion and a PE ratio of 0.37. The stock has a fifty day moving average price of $126.74 and a 200-day moving average price of $126.23.

Toyota Industries Company Profile

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.