Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Here’s Why

Toyota Industries Co. (OTCMKTS:TYIDY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $124.7810, but opened at $120.10. Toyota Industries shares last traded at $128.97, with a volume of 406 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Toyota Industries to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Toyota Industries Trading Up 1.4%

The firm’s fifty day moving average price is $126.66 and its 200 day moving average price is $123.22. The stock has a market capitalization of $38.01 billion and a price-to-earnings ratio of 0.37.

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.