Kuraray (OTCMKTS:KURRY) Shares Gap Up – Time to Buy?

Kuraray Co. (OTCMKTS:KURRY) gapped up prior to trading on Monday . The stock had previously closed at $34.2150, but opened at $38.00. Kuraray shares last traded at $38.00, with a volume of 221 shares changing hands.

Kuraray Price Performance

The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $31.35 and its two-hundred day simple moving average is $32.08. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 146.16 and a beta of 0.01.

Kuraray (OTCMKTS:KURRY) last announced its quarterly 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 net margin of 0.44% and a return on equity of 4.65%.

About Kuraray

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.